Meta shareholders rejected the Bitcoin plan with less than 1% in favour. The proposal called Bitcoin a hedge against inflation and weak bonds. GameStop and Metaplanet are among firms copying Saylor’s Bitcoin play.
Wait but that’s like saying that as long as the world has at least one electric car the internal combustion engine can continue to exist without issue.
If the vast majority of cryptocurrencies are still power hungry and the most commonly used cryptocurrency is power hungry then the fact that some of the others are better doesn’t really help.
that’s like saying that as long as the world has at least one electric car the internal combustion engine can continue to exist without issue.
No. PoS (EV makers) are not supporting the existence of PoW (ICE vehicles). In fact, one builder made a deliberate planned move from PoW to PoS. All new builders are PoS.
the vast majority of cryptocurrencies are still power hungry
False. Remove Bitcoin (>100TWh) and the only PoW coin in the top 10 is DOGE (~4TWh).
Wait but that’s like saying that as long as the world has at least one electric car the internal combustion engine can continue to exist without issue.
If the vast majority of cryptocurrencies are still power hungry and the most commonly used cryptocurrency is power hungry then the fact that some of the others are better doesn’t really help.
No. PoS (EV makers) are not supporting the existence of PoW (ICE vehicles). In fact, one builder made a deliberate planned move from PoW to PoS. All new builders are PoS.
False. Remove Bitcoin (>100TWh) and the only PoW coin in the top 10 is DOGE (~4TWh).
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The analogy doesn’t stretch to allowing fiat to be compared to public transport.
A medium that is decimated when Trump shouts “Tariff” is not a gold standard.
Fiat is only the gold standard when it is backed by actual gold.
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Dude, you brought the slop.
Saying PoS is supporting PoW is like saying EVs support ICEs.
Would you like another go at explaining how your half baked public transport analogy fits into this?
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You said “we need more public transport”. How does that statement map to Bitcoin?
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Oh great so if you remove bitcoin your argument works, trouble is, bitcoin exists
The only way to remove bitcoin is through redundancy.
Support it’s successor technologies that improve on the design in every single dimension (including energy efficiency).