Most people think #Bitcoin’s PoW is “wasteful.” In this article, I explore how everything is energy, money is energy, energy usage is subjective, and PoW’s energy costs relative to existing governance systems. This article is a collection of direct thoughts from many individuals in the space — my value-add was in the aggregation, distillation, and combination of narratives.
PoW is Efficient
PoW is Efficient
PoW is Efficient
Most people think #Bitcoin’s PoW is “wasteful.” In this article, I explore how everything is energy, money is energy, energy usage is subjective, and PoW’s energy costs relative to existing governance systems. This article is a collection of direct thoughts from many individuals in the space — my value-add was in the aggregation, distillation, and combination of narratives.