Comment

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

<- View Parent

Knock_Knock_Lemmy_In@lemmy.world ⁨3⁩ ⁨weeks⁩ 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).

source

Sort:hotnew top

echodot@feddit.uk ⁨3⁩ ⁨weeks⁩ ago
Oh great so if you remove bitcoin your argument works, trouble is, bitcoin exists

source
- Knock_Knock_Lemmy_In@lemmy.world ⁨3⁩ ⁨weeks⁩ ago
  The only way to remove bitcoin is through redundancy.
  
  Support it’s successor technologies that improve on the design in every single dimension (including energy efficiency).
  
  source
LandedGentry@lemmy.zip ⁨3⁩ ⁨weeks⁩ ago
[deleted]
source
- Knock_Knock_Lemmy_In@lemmy.world ⁨3⁩ ⁨weeks⁩ ago
  The analogy doesn’t stretch to allowing fiat to be compared to public transport.
  
  A medium that is decimated when Trump shouts “Tariff” is not the gold standard.
  
  Fiat is only the gold standard when it is backed by actual gold.
  
  source
  - LandedGentry@lemmy.zip ⁨3⁩ ⁨weeks⁩ ago
    [deleted]
    source
    Knock_Knock_Lemmy_In@lemmy.world ⁨3⁩ ⁨weeks⁩ ago
    Dude, you brought the slop.
    
    Saying PoS is supporting PoW is like saying EVs support ICEs.
    
    Would you like another go at explaining how your half baked public transport analogy fits into this?
    
    source
    -> View More Comments