[Cryptography] One Bitcoin Transaction Now Uses as Much Energy as Your House in a Week

alan at clueserver.org alan at clueserver.org
Wed Nov 8 13:33:52 EST 2017

> Proof of work is not essential to the running of a notary log. Surety
> managed just fine before BitCoin was invented. Last week we saw people
> pushing the name 'hashgraph' to describe an alternative technique. I
> see this as some very smart people who have invested heavily in
> Blockchain technology looking for a way to decouple from the BitCoin
> bubble before it bursts.
> Of course the bubble will burst, they always do. At the current rate,
> there will be more BitCoin than USD within two years.I haven't done
> the sums recently but we are surely past the point where BitCoin has
> exceeded the total amount of USD in specie. Two years after that,
> there will be more BitCoin than there is money of all types.

The heat death of the universe will be caused by bitcoin transactions.

perl -pe 's/^\s+//g' *.py

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