> though estimates seem to be ~50-70% of BTC energy use is from renewables
Bullshit. When one coal mine in a remote region of China flooded, the Bitcoin hash rate measurably dropped by 30%. Keep in mind this was just one coal mine. Not all of China's production.
> it's more apt to call it Web 3.0 than cryptocurrency at this point.
I've said this so many times: But what does it doooooo??? Name one project that isn't "speculation" or "loans" built on cryptocurrency that has seen any uptick or utility. NFTs sure ain't it. DAOs sure ain't it. Supply chain tracking sure ain't it.
I haven't seen one work. Don't say it's the early internet and we'll find one eventually, because it's been 12 years since Bitcoin's launch in 2009, and the ideas are all still junk. Widespread broadband to the home was in strong demand in the early 90s, and Amazon was already selling books while dwellings with connectivity were in the single-digit numbers. The 80s saw university lines saturated by BBSes, newsgroups and MUDs. There was far more demand than supply, and it was very immediately clear what the utility was.
Bullshit. When one coal mine in a remote region of China flooded, the Bitcoin hash rate measurably dropped by 30%. Keep in mind this was just one coal mine. Not all of China's production.
https://fortune.com/2021/04/20/bitcoin-mining-coal-china-env...
> it's more apt to call it Web 3.0 than cryptocurrency at this point.
I've said this so many times: But what does it doooooo??? Name one project that isn't "speculation" or "loans" built on cryptocurrency that has seen any uptick or utility. NFTs sure ain't it. DAOs sure ain't it. Supply chain tracking sure ain't it.
I haven't seen one work. Don't say it's the early internet and we'll find one eventually, because it's been 12 years since Bitcoin's launch in 2009, and the ideas are all still junk. Widespread broadband to the home was in strong demand in the early 90s, and Amazon was already selling books while dwellings with connectivity were in the single-digit numbers. The 80s saw university lines saturated by BBSes, newsgroups and MUDs. There was far more demand than supply, and it was very immediately clear what the utility was.