Cyber Ghost@lemmygrad.ml to Memes@lemmy.ml · 3 years agoCome on comrades! What are you waiting for?!lemmygrad.mlimagemessage-square21linkfedilinkarrow-up163
arrow-up163imageCome on comrades! What are you waiting for?!lemmygrad.mlCyber Ghost@lemmygrad.ml to Memes@lemmy.ml · 3 years agomessage-square21linkfedilink
minus-squareFluffyPotato@lemm.eelinkfedilinkarrow-up1·3 years agoIt would literally break if it replaced all currency. Transaction times would be either measured in months if that happened or bitcoin would consume 10x the current energy production of the entire earth.
minus-squareElectricVocalist@jlai.lulinkfedilinkarrow-up1·3 years agoBitcoin only consumes spare energy that couldn’t be sold for a better price to someone else
minus-squareFluffyPotato@lemm.eelinkfedilinkarrow-up1·3 years agoIn that case transactions would take months if not more making it effectively useless.
It would literally break if it replaced all currency. Transaction times would be either measured in months if that happened or bitcoin would consume 10x the current energy production of the entire earth.
Bitcoin only consumes spare energy that couldn’t be sold for a better price to someone else
In that case transactions would take months if not more making it effectively useless.