Cyber Ghost to Memes@lemmy.ml • 10 months agoCome on comrades! What are you waiting for?!lemmygrad.mlimagemessage-square20fedilinkarrow-up164arrow-down119cross-posted to: memes@lemmygrad.mlmemes@hexbear.net
arrow-up145arrow-down1imageCome on comrades! What are you waiting for?!lemmygrad.mlCyber Ghost to Memes@lemmy.ml • 10 months agomessage-square20fedilinkcross-posted to: memes@lemmygrad.mlmemes@hexbear.net
minus-square@FluffyPotato@lemm.eelinkfedilink0•10 months 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-squareMubelotixlink1•10 months agoBitcoin only consumes spare energy that couldn’t be sold for a better price to someone else
minus-square@FluffyPotato@lemm.eelinkfedilink1•10 months 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.