Meanwhile, Bitcoin hasn’t had a single hack or a single hour of downtime since it started 15 years ago. Decentralization is the answer.

  • corvi@lemm.ee
    link
    fedilink
    arrow-up
    1
    arrow-down
    3
    ·
    4 months ago

    Bitcoin also processes a tiny fraction of a percent of global transactions and uses a ton of power in the process. Decentralization may be the answer, but Bitcoin definitely isn’t.

    • makeasnek@lemmy.mlOP
      link
      fedilink
      English
      arrow-up
      1
      arrow-down
      1
      ·
      4 months ago

      <1% of global energy use to process billions of value transfer every year. Lightning transactions have the energy usage equivalent of an e-mail since they don’t go on chain. Main chain, via lightning and other L2 solutions, can process and secure trillions of transactions per year.