MacedWindow@lemmy.world to Microblog Memes@lemmy.worldEnglish · 5 months agoGet your vote in now!!lemmy.worldimagemessage-square295fedilinkarrow-up1704arrow-down122
arrow-up1682arrow-down1imageGet your vote in now!!lemmy.worldMacedWindow@lemmy.world to Microblog Memes@lemmy.worldEnglish · 5 months agomessage-square295fedilink
minus-squareGreyEyedGhost@lemmy.calinkfedilinkEnglisharrow-up0·5 months agoI can only imagine he means American currency, and the anti-counterfeiting technology embedded in it. It’s the most popular currency in the world. Oh, bitcoin? The accounting package that requires the power of a small nation to maintain it? Well, I guess that works, too.
minus-squareVictoria Antoinette @lemmy.worldlinkfedilinkEnglisharrow-up0·5 months agothe bitcoin blockchain doesn’t require all that power. nothing about the code dictates that. it’s a social phenomenon, just like the markets.
minus-squareKnock_Knock_Lemmy_In@lemmy.worldlinkfedilinkEnglisharrow-up0·5 months agoThe bitcoin blockchain requires more power than any other blockchain while providing less features. The only outstanding feature of bitcoin is it’s price.
minus-squareVictoria Antoinette @lemmy.worldlinkfedilinkEnglisharrow-up0·5 months agothe bitcoin blockchain doesn’t require any power. any miner can stop, the blockchain would have less power, and still continue to function.
minus-squareKnock_Knock_Lemmy_In@lemmy.worldlinkfedilinkEnglisharrow-up0·edit-25 months ago The bitcoin blockchain doesn’t require any power. Yes. It does. No transaction can occur without proof of work being performed. any miner can stop, the blockchain would have less power, and still continue to function. Marginally less power, but nowhere near the reduction needed to compete with a PoS blockchain. For example Ethereum PoS uses 2,600 MWh per year (= a single 1MW windfarm). Bitcoin uses 53,000x more energy than Ethereum.
minus-squareVictoria Antoinette @lemmy.worldlinkfedilinkEnglisharrow-up0·5 months agothe whole network could be run on two raspberry pis. there is no minimum power requirement in the protocol.
minus-squareKnock_Knock_Lemmy_In@lemmy.worldlinkfedilinkEnglisharrow-up0·5 months ago the whole network could be run on two raspberry pis. No. Then someone would buy 3 raspberry pis and claim all the bitcoin. Bitcoin was a great idea in 2008 but in 2024 it has been overshadowed by other blockchains in every single dimension except for market cap.
minus-squareVictoria Antoinette @lemmy.worldlinkfedilinkEnglisharrow-up0·5 months agothe protocol says those 3 pis have consensus. that’s how the network is supposed to function.
minus-squareKnock_Knock_Lemmy_In@lemmy.worldlinkfedilinkEnglisharrow-up0·5 months agoWe are discussing energy usage, not consensus protocols. The Bitcoin network never going to run on any number raspberry pis. Any claims that it will compete with a PoS blockchain for energy efficiency are ludicrous.
I can only imagine he means American currency, and the anti-counterfeiting technology embedded in it. It’s the most popular currency in the world.
Oh, bitcoin? The accounting package that requires the power of a small nation to maintain it? Well, I guess that works, too.
the bitcoin blockchain doesn’t require all that power. nothing about the code dictates that. it’s a social phenomenon, just like the markets.
The bitcoin blockchain requires more power than any other blockchain while providing less features.
The only outstanding feature of bitcoin is it’s price.
the bitcoin blockchain doesn’t require any power. any miner can stop, the blockchain would have less power, and still continue to function.
Yes. It does. No transaction can occur without proof of work being performed.
Marginally less power, but nowhere near the reduction needed to compete with a PoS blockchain.
For example Ethereum PoS uses 2,600 MWh per year (= a single 1MW windfarm). Bitcoin uses 53,000x more energy than Ethereum.
the whole network could be run on two raspberry pis. there is no minimum power requirement in the protocol.
No. Then someone would buy 3 raspberry pis and claim all the bitcoin.
Bitcoin was a great idea in 2008 but in 2024 it has been overshadowed by other blockchains in every single dimension except for market cap.
the protocol says those 3 pis have consensus. that’s how the network is supposed to function.
We are discussing energy usage, not consensus protocols.
The Bitcoin network never going to run on any number raspberry pis. Any claims that it will compete with a PoS blockchain for energy efficiency are ludicrous.