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

• LandedGentry@lemmy.zip ⁨5⁩ ⁨days⁩ ago

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  • Knock_Knock_Lemmy_In@lemmy.world ⁨5⁩ ⁨days⁩ ago

    That’s as irrational as saying no-one can use EVs until we get rid of all ICE vehicles.

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    • echodot@feddit.uk ⁨5⁩ ⁨days⁩ ago

      Wait but that’s like saying that as long as the world has at least one electric car the internal combustion engine can continue to exist without issue.

      If the vast majority of cryptocurrencies are still power hungry and the most commonly used cryptocurrency is power hungry then the fact that some of the others are better doesn’t really help.

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      • Knock_Knock_Lemmy_In@lemmy.world ⁨5⁩ ⁨days⁩ ago

        that’s like saying that as long as the world has at least one electric car the internal combustion engine can continue to exist without issue.

        No. PoS (EV makers) are not supporting the existence of PoW (ICE vehicles). In fact, one builder made a deliberate planned move from PoW to PoS. All new builders are PoS.

        the vast majority of cryptocurrencies are still power hungry

        False. Remove Bitcoin (>100TWh) and the only PoW coin in the top 10 is DOGE (~4TWh).

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    • LandedGentry@lemmy.zip ⁨5⁩ ⁨days⁩ ago

      [deleted]

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      • Knock_Knock_Lemmy_In@lemmy.world ⁨5⁩ ⁨days⁩ ago

        Your dislike of PoW is totally understandable.

        Bitcoin maxis who dismiss all other blockchains as Alts are very much like climate deniers. They illogically block improvements and efficiencies in the Bitcoin protocol (e.g. block size increases).

        However if enery usage is your main criticism then attacking PoS is like campaigning against wind or solar. We want PoS to completely replace PoW.

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