Comment on Meta shareholders overwhelmingly rejected a proposal to explore adding Bitcoin to the company's treasury, with less than 1% voting in favor of the measure

• echodot@feddit.uk ⁨2⁩ ⁨months⁩ ago

  If bitcoin didn’t use 40 terawatts to mine and was more reasonable in its electricity demand then I don’t think that many people would care about it. It still wouldn’t make it useful but at least it wouldn’t be actively damaging the environment.

  We might even be able to find a use for it at that point. But as it stands now the energy requirements essentially make the technology not worth it given the very minor benefits.

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  • Knock_Knock_Lemmy_In@lemmy.world ⁨2⁩ ⁨months⁩ ago

    There are versions of cryptocurrencies that don’t use massive amounts of energy.

    Pick anything launched from Ethereum onwards.

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    • LandedGentry@lemmy.zip ⁨2⁩ ⁨months⁩ ago

      [deleted]

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      • Knock_Knock_Lemmy_In@lemmy.world ⁨2⁩ ⁨months⁩ ago

        You are glossing over 40% of a $3T market.

        I’m not going to defend PoW but blockchain technology had moved on even if the fanboys haven’t.

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    • Honytawk@feddit.nl ⁨2⁩ ⁨months⁩ ago

      And nobody uses those, so that argument is mute.

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      • Knock_Knock_Lemmy_In@lemmy.world ⁨2⁩ ⁨months⁩ ago

        False.

        80% of transactions occur on solana and BNB. Only 1% of crypto transactions are on Bitcoin, which is in 9th place.

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  • LandedGentry@lemmy.zip ⁨2⁩ ⁨months⁩ ago

    [deleted]

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    • Mrrt@sh.itjust.works ⁨2⁩ ⁨months⁩ ago

      This is an argument for renewables, not fot shitcanning POW.

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