MicroStrategy announcement about intent to buy $650 million in Bitcoin.
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By Money & Finance · Posted
"First of all, I think many of the counter arguments are basically whataboutism - what about gold, etc. Bitcoin consumes about 80 Twh, and part of that is from fossil sources. It's not useful to try to deny this, because it's real world out there and the choice of the energy source has real consequences. The world is becoming carbon neutral, so in consequence bitcoin mining will too be carbon neutral at some point. How quickly that happens is also in the hands of bitcoin mining operati -
By Money & Finance · Posted
I like his point about one being available to the entire world while the other to those with a brokerage account. Nailed it! -
By Money & Finance · Posted
The most common misconception about Ethereum is that it's a massively parallelized, distributed computing network. In actuality, it's a massively redundant, distributed computing network. Since every node performs every computation, the overall speed of the distributed computer is not a function of the amount of computing power in the network but is actually equal to that of the slowest node in the network. That's not very interesting from a computer science perspective. -
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By Money & Finance · Posted
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