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RE: Bitcoin is backed by electricity: Why I believe PoW will outlive PoS, and I do not trust DPoS

in #cryptocurrency7 years ago

Damn, this is a great post! Didn't watch Andreas talk about this before :-)

What I also find fascinating is the energy-usage-of-Bitcoin vs energy-usage-of-a-country-comparison. This seems to be the newspapers favourite (aside from tulip mania). It sounds like a lot of energy when they do that and most people take it for the truth. While if you take a better look, the comparison is usually calculated using average household energy usage * inhabitants. How convenient to forget there are maybe also things like factories, companies, vehicles etc...

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Exactly! The media likes to highlight certain viewpoints which sound sensational, because that's what sells.
Especially when it comes to crypto the media knows so little it's scary..

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