Comment on Just 137 crypto miners use 2.3% of total U.S. power — government now requiring commercial miners to report energy consumption

• parpol@programming.dev ⁨9⁩ ⁨months⁩ ago

  [deleted]

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  • bhmnscmm@lemmy.world ⁨9⁩ ⁨months⁩ ago

    I stand corrected. There is literally no functional difference between “currency” and (at least some) crypto.

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    • agent_flounder@lemmy.world ⁨9⁩ ⁨months⁩ ago

      How much energy is required for use of each?

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  • xep@kbin.social ⁨9⁩ ⁨months⁩ ago

    There is no reason for CBDC to use blockchain.

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  • kirklennon@kbin.social ⁨9⁩ ⁨months⁩ ago

    CBDC is blockchain based, i.e cryptocurrency.

    A CBDC can be blockchain based, but almost none actually will be. China's isn't. Japan's CBDC is not. In the US, the Federal Reserve is still in early stages but I'm confident it won't use blockchain either.

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• General_Effort@lemmy.world ⁨9⁩ ⁨months⁩ ago

  The big difference is that crypto is “decentralized”. Traditional currency is, to some extent, controlled by a central bank. The CB seeks to ensure price stability.

  Digital cash schemes are much older than bitcoin/crypto. It’s not “crypto” just because it’s digital money.

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