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phplovesongtoday at 10:09 AM2 repliesview on HN

Simply put:

Bitcoin was to be an alternative to FIAT, but it ended up being nothing more then a meme-stock that consumes more energy than Poland or Argentina.

Its sad really. But the greed in people turned it into shit.


Replies

l___ltoday at 11:31 AM

A different metric of comparison isn't Bitcoin's energy consumption compared to other countries but compared to the existing banking system it's trying to replace, which burns more energy than Bitcoin and allegedly burns more energy funding wars with fiat. Mining gold instead of Bitcoin burns more energy than Bitcoin too.

Compared to that for energy consumption, Bitcoin is superior really.

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mirekrusintoday at 10:21 AM

I never understood why bitcoin is winning popularity/pricing over ie. ethereum - which doesn't burn energy anymore and you can actually do programming on it, not just moving money from a to b.

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