Comment Comment by iabacu The argument about POW energy is overblown.There's an exponential decay of rewards of mining BTC (50% every 4 years).Do you think the price of BTC will increase exponentially, faster than the decay over the long term? I don't think so.This implies that the energy consumption of bitcoin mining will eventually decay exponentially too. parent iabacu 5 years ago
There's an exponential decay of rewards of mining BTC (50% every 4 years).
Do you think the price of BTC will increase exponentially, faster than the decay over the long term? I don't think so.
This implies that the energy consumption of bitcoin mining will eventually decay exponentially too.