You are viewing a single comment's thread from:
RE: Bitcoin and Decentralization are a Threat to the Establishment.
Decentralize all, the best scientific gun against power, as a result of the "conspiracy" of source-code and blockchain.
In this new decentralized and sharing economy, that will be guided by "Human Value" and "Friendly Earth" instead of self-centered "Money Value" and no regards for our "Mother Planet".
Just published 2 posts about the philosophy of decentralization and consensus on the blockchain.
Bitcoin certainly has no regards for out Mother Planet. Proof of work wastes huge amounts of energy. Anybody who cares about environment can't support Bitcoin.
I'm writing a post about the possibilities of solving this kind of energetic problems, with a not yet realized Utopia of changing the actual configuration.
Production of energy, agriculture, and cities would have to change their actual places and swap to for a new reconfiguration in the continents they are today, that could balance the scarcity of all still available resources on Planet earth.
Anyway, something crossed up my mind.
The energy spent in Banks that can be obsolete soon can compensate the energy spend to manage the blockchain as a collective owned platform.
I suppose the blockchain will find ways to solve or dilute this problem in the future, I hope :)
Steem is already very energy efficient compared to other solutions. The question is: how many transactions the system can handle without electricity consuming special hardware?
Bitcoin uses special hardware (which is expensive to manufacture, gets old quickly and can't be used for anything else) and electricity (often in places where it's done without much environmental regulations, like China). Steem uses normal server hardware, no need for special hardware or huge energy consumption.
Bitcoin can handle about 3 transactions per second. Steem can handle 1000 transactions per second, and big improvements are coming in the near future.
So Steem has clearly a really big advance in efficiency.
Thanks a lot for your thoughts that improved my knowledge.
Bitcoin was the first car, and Steemit is the electric car in the evolution of the blockchain, heheh.
I would like to see data about banks replaced by blockchains, and energy consumption benefits.
Feel free to write your own post about your opinions.
I do! I have done it before, like here: https://steemit.com/bitcoin/@samupaha/simple-economics-prove-that-bitcoin-will-fail