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spookthesunset
on Oct 17, 2019
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Bitcoin Energy Consumption Index
To summarize your excellent summary: bitcoin wastes energy by design. It cannot keep all the “features” it’s supporters value without wasting energy.
baroffoos
on Oct 17, 2019
[–]
Proof of stake sort of solves this. In theory those with the most money can spend the most on mining equipment and get the biggest payout. Proof of stake short circuits this and just gives the biggest payout to the ones with the most money.
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