Oh yeah there are many criticisms of Bitcoin one can make, I just don’t think the energy one is very convincing if you think about it a bit
Oh yeah there are many criticisms of Bitcoin one can make, I just don’t think the energy one is very convincing if you think about it a bit
zergtoshi@lemmy.world 4 months ago
Shall I add the mountain of electronic waste to the list?
I mean, Bitcoin mining devices can literally do nothing else but calculate SHA256.
Once they can no longer be operated economically, they’re garbage.
At least Ethereum’s PoW ran on GPUs, which can be used for, let’s say: gaming!
And Ethereum showed that a transition from PoW to PoS is possible.
I think that Bitcoin sparked a great idea, but way better implementations of that idea are available. Bitcoin has a massive network effect and first mover advantage. technology wise it’s no longer on top of the list.
doylio@lemmy.ca 4 months ago
I agree with everything you’ve said
Pretty much the only things Bitcoin has on Ethereum today is a better brand and Lindy effect