Ethereum was able to cut their energy usage down drastically by moving away of PoW. Windmills and clean energy aren’t the solution, getting rid of PoW is. Why build more solar farms if you could just not use so much electricity?
You aren’t computing the cost in blood, censorship, wasted time, the lives employed by these evil orgs wasting their lives scamming people, the loss of revenue from value-producing business, the waste of banking cards, and the COUNTLESS other energy-guzzling mechanisms involved.
Bitcoin eliminates ALL these problems. It is by far more efficient, it isn’t even close. Also, it isn’t a payment system like visa, what an ignorant ass comparison. It is literally a sovereign currency with publicly auditable minting & ledgers. It replaces MONEY. Payment processors are built on top of it.
Yea, even the shit visa and mastercard can switch to payment processing on top of Bitcoin. It would actually be beneficial. When they decline a transaction you just directly use the network instead.
Btw PoS is also bullshit, in a completely different and inferior class of crypto. It requires HUMAN CONSENT to enter the network. PoW requires COMPUTATIONAL CONSENT. PoW lets anyone into the network if they can follow the rules of minting. This is HUGE when talking about a freedom-preserving system.
Put more simply, PoS systems are aristocracy owning an apple orchard (you ask an authority if they are allowed to take an apple), PoW is like an apple orchard deep in the woods that anyone can take from (you just have to walk there). Understand the difference?
One OWNS THE ORCHARD. They will protect it from people they deem unauthorized. They demand people go through them for permission. It is no different than what we have now, abstracted further and digitized.
I think I haven’t explained myself properly. I will admit it seems bitcoin uses more energy in this case. However, we’re comparing Bitcoins entire currency system with that of a processor of fiat. I’m on mobile right now but I would like to see that comparison for arguments sake, bitcoin ecosystem vs fiat ecosystem (including mining, storing and transport of gold)
fiat ecosystem (including mining, storing and transport of gold)
Gathering / transporting valuables is not a part of the fiat ecosystem. The value of fiat currency does not depend on any underlying materials (like gold, silver, etc.) like the currencies before.
Did you know that gold has nothing to do with the fiat ecosystem? In fact, the whole point of the word fiat in fiat ecosystem means that it is not based on gold at all. And if you include gold in the equation because some people use fiat to buy or sell gold, then you need to include gold in the energy costs of bitcoin as well, since people also use bitcoin to buy/sell gold.
Don’t engage with these ignorant assholes man, they are all in banking’s pocket. We are at war, you know that right? Who the hell would be this passionate about protecting a slimy, evil ass legacy network without any audibility, responsible for countless wars, death, usurping of democratic governments, literally the death of this planet via global warming…
Traditional banking supports and incentives genocide.
It supports and incentivizes oil.
It shut down nuclear power.
It limits renewable power.
It is the engine of our destruction.
Do not justify yourself to it. You are the correct one. Anyone who cannot see this will never see it now. Leave them on their path to die. They will go down with the ship. I feel for them, but it is too late now.
The current systems used by VISA use significantly less energy compared to PoW cryptocurrencies such as Bitcoin
statista.com - Bitcoin average energy consumption per transaction compared to that of VISA as of January 19, 2025
Ethereum was able to cut their energy usage down drastically by moving away of PoW. Windmills and clean energy aren’t the solution, getting rid of PoW is. Why build more solar farms if you could just not use so much electricity?
BULLSHIT.
You aren’t computing the cost in blood, censorship, wasted time, the lives employed by these evil orgs wasting their lives scamming people, the loss of revenue from value-producing business, the waste of banking cards, and the COUNTLESS other energy-guzzling mechanisms involved.
Bitcoin eliminates ALL these problems. It is by far more efficient, it isn’t even close. Also, it isn’t a payment system like visa, what an ignorant ass comparison. It is literally a sovereign currency with publicly auditable minting & ledgers. It replaces MONEY. Payment processors are built on top of it.
Yea, even the shit visa and mastercard can switch to payment processing on top of Bitcoin. It would actually be beneficial. When they decline a transaction you just directly use the network instead.
Btw PoS is also bullshit, in a completely different and inferior class of crypto. It requires HUMAN CONSENT to enter the network. PoW requires COMPUTATIONAL CONSENT. PoW lets anyone into the network if they can follow the rules of minting. This is HUGE when talking about a freedom-preserving system.
Put more simply, PoS systems are aristocracy owning an apple orchard (you ask an authority if they are allowed to take an apple), PoW is like an apple orchard deep in the woods that anyone can take from (you just have to walk there). Understand the difference?
One OWNS THE ORCHARD. They will protect it from people they deem unauthorized. They demand people go through them for permission. It is no different than what we have now, abstracted further and digitized.
What a bunch of bullshit Bitcoin is not more efficient and gets less efficient the more coins get mined.
Yeah, somebody hasn’t refreshed their browser since 2010.
I think I haven’t explained myself properly. I will admit it seems bitcoin uses more energy in this case. However, we’re comparing Bitcoins entire currency system with that of a processor of fiat. I’m on mobile right now but I would like to see that comparison for arguments sake, bitcoin ecosystem vs fiat ecosystem (including mining, storing and transport of gold)
Gathering / transporting valuables is not a part of the fiat ecosystem. The value of fiat currency does not depend on any underlying materials (like gold, silver, etc.) like the currencies before.
Ah, moving the goal posts, aren’t we?
Did you know that gold has nothing to do with the fiat ecosystem? In fact, the whole point of the word fiat in fiat ecosystem means that it is not based on gold at all. And if you include gold in the equation because some people use fiat to buy or sell gold, then you need to include gold in the energy costs of bitcoin as well, since people also use bitcoin to buy/sell gold.
They’re not moving the goalposts.
So does the fiat system then get added to Bitcoin? Since it’s only value is it can be exchanged for fiat currency.
BTC can be used like fiat so no?
Don’t engage with these ignorant assholes man, they are all in banking’s pocket. We are at war, you know that right? Who the hell would be this passionate about protecting a slimy, evil ass legacy network without any audibility, responsible for countless wars, death, usurping of democratic governments, literally the death of this planet via global warming…
Traditional banking supports and incentives genocide.
It supports and incentivizes oil.
It shut down nuclear power.
It limits renewable power.
It is the engine of our destruction.
Do not justify yourself to it. You are the correct one. Anyone who cannot see this will never see it now. Leave them on their path to die. They will go down with the ship. I feel for them, but it is too late now.
Oof yeah I looked back and noticed I’m arguing on memes😵💫 it’s amazing we’re on the fediverse but they can’t see the parallels
The fastest way to render your point invalid.
Shit you got me, you ruined our perfect psyop!