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RE: NSX On Sale - 495
It still seems wasteful to me. I'd rather use the energy for cars or shutting down more coal plants.
It still seems wasteful to me. I'd rather use the energy for cars or shutting down more coal plants.
But if better energy technologies get developed because of cryptos, those technologies can be used for other industries too.
Also let's not forget: right now BTC still consumes less energy than traditional payment systems. But I see that changing quickly in the coming years.
I hope there is some consolidation in cryptos and they move towards proof of stake. That will help reduce energy.
I bet Bitcoin transactions are less than 1% of traditional payment systems and probably less than .1% and maybe even less than .01%. It seems like it would be hard for Bitcoin to get up to 1%.