Cyber Ghost@lemmygrad.ml to Memes@lemmy.ml · 1 year 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@lemmygrad.ml to Memes@lemmy.ml · 1 year agomessage-square20fedilinkcross-posted to: memes@lemmygrad.mlmemes@hexbear.net
minus-squareFluffyPotato@lemm.eelinkfedilinkarrow-up1arrow-down1·1 year 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-squareMubelotixlinkfedilinkarrow-up1·1 year agoBitcoin only consumes spare energy that couldn’t be sold for a better price to someone else
minus-squareFluffyPotato@lemm.eelinkfedilinkarrow-up1·1 year 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.