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Bitcoin miners win legal battle to keep mum about energy use [US] (www.theverge.com)

submitted 8 months ago by misk@sopuli.xyz to c/technology@lemmy.world

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[–] mellowheat@suppo.fi 13 points 8 months ago (3 children)

Somehow Ethereum 2 exists with Proof of Stake and everybody is still using Bitcoin. That tells me that nobody important (for this context) cares about wasted electricity.

[–] DingoBilly@lemmy.world 9 points 8 months ago* (last edited 8 months ago) (1 children)

It's more that noone cares about the actual use cases of crypto and are just using it as speculative gambling.

Bitcoin is the literal equivalent of a horse and carriage while cars exist. If any crypto survives it should be the proof of stake crypto not the badly designed bitcoin (noting of course, for its time it was amazingly innovative, just that it's no longer actually useful).

Not to mention the whole design flaw that it's meant to be completely private/anonymous but ironically is one of the most public and traceable things ever created.

[–] prole@sh.itjust.works 7 points 8 months ago* (last edited 8 months ago)

Not to mention the whole design flaw that it's meant to be completely private/anonymous but ironically is one of the most public and traceable things ever created.

Bitcoin was never meant to be that, people were/are just idiots.

Monero on the other hand... Something made possible because Bitcoin came first.

[–] prole@sh.itjust.works 7 points 8 months ago

FYI there's no such thing as "Ethereum 2." It's just called "Ethereum."

And you're right, every time these mainstream articles mention the power consumption of crypto, they never mention ETH. Weird.

[–] Honytawk@lemmy.zip 0 points 8 months ago

Because crypto is only used by people who want to get rich out of it.

There is no money to be found in Ethereum 2, at least not like with Bitcoin.

So if the userbase is full of selfish pricks, then they wouldn't care about energy use either.