this post was submitted on 27 Feb 2024
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Which is why focusing on Bitcoin is a red herring. The power consumption issue with crypto was solved a long time ago, and has now shown for years that it's viable on a massive scale (ETH). People need to stop acting like Proof of Work is all that exists.
So much for nuance. This place is just like reddit: black and white.
proof of stake is a ponzi scheme
And fiat currency isn't how...? It's just backed by a central bank/authority. That's the only thing that gives it value.
did I say it isn't?
We focus on Bitcoin because even though there are plenty of better alternatives, it is still the biggest crypto on the market by a long shot.