> there’s a huge gap between promise and reality. It seems that blockchain sounds best in a PowerPoint slide. Most blockchain projects don’t make it past a press release, an inventory by Bloomberg showed.
#CambridgeUniversity estimates show that it uses 17% of the energy used to boil kettles globally, if everyone on the planet boiled kettles like a Briton.
Would you like to start a war on tea, mate?
@joachim wow, that is a fairly cutting article. There were a couple of good critiques of blockchain in the 2017 book 'Ours to Hack and to Own', and a couple of writers in defence of it.
The energy consumption is shocking though, both on the mining side and on the data exchange, for something that has a strange, inflated value.
@joachim nice reddit post. little more perspective but on Monero. It's bad and no question needs to be fixed, but there are worse things humans do to this planet. Take Plandemic as #1. People manslaughtered by govt unconstitutional lockdowns.And still counting, why bother stopping fascism?...
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