[ExI] [Extropolis] Fwd: Bitcoin el salvador?
giulio at gmail.com
Mon Sep 13 06:33:51 UTC 2021
On Sun, Sep 12, 2021 at 9:10 PM John Clark <johnkclark at gmail.com> wrote:
> When I consider how inefficient Bitcoin is and the colossal amount of energy that it wastes every time it processes even the simplest financial transaction it makes me doubt the wisdom of the entire Bitcoin enterprise.
> John K Clark
But Bitcoin is a prototype of things to come. New cryptocurrency
technologies can and will eliminate the admittedly too large energy
consumption of Bitcoin mining. For example take a look at the Chia
technology of Bram Cohen (the BitTorrent guy). https://www.chia.net/
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