Month: April 2017

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Bitcoin Electricity Consumption: An Economic Approach

Digiconomist April 17, 2017 Economics

Ever since Bitcoin’s inception its trust-minimizing consensus has been enabled by its proof-of-work algorithm. The work is performed by so-called miners; power hungry machines

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Exposing the Unintended Consequences of Digital Trends. Mastodon: @digiconomist@mastodon.nl Bluesky: @digiconomist.bsky.social

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3 Mar 1764275633180352896

It is well known that replacing the energy intensive mining mechanism in cryptocurrencies can make them significantly more sustainable, but it has also been argued this can make them less decentralized/secure. Digiconomist now features a new deep dive to examine this argument:…

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3 Mar 1764275633180352896

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; European Central Bank @ecb ·

22 Feb 1760580254920212640

Bitcoin has failed to become a global decentralised digital currency, instead falling victim to fraud and manipulation.

The recent approval of an ETF doesn’t change the fact that Bitcoin is costly, slow and inconvenient, argues #TheECBBlog

https://www.ecb.europa.eu/press/blog/date/2024/html/ecb.blog20240222~0929f86e23.en.html

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