Quote:
Originally Posted by stumped
OK , I'll bite.
explain how, when if/your dystopia of choice comes to pass, the world will still have a functioning internet, endless electricity for the bit mines, and enough rare metals to keep making the devices we use to trade and shop on ( and the batteries they run on)
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Indeed all true. Also Blockchain itself, apart from the total evil of bitcoin mining helping to destroy the planet, is ABSOLUTELY NOT SCALEABLE. It doesn't even work on a theoretical basis. It's only a niche and the transaction time is terrible. It gets worse FASTER than users doing transactions are added.
Compare CPU and electricity costs per transaction for IBAN (totally secure and independent), PayPal, random credit card and ANY Cryptocurrency. The cryptocurrency essentially is only working at all because compared with the other three almost no-one is using it. Most of those are speculators or criminals.