Over 2 percent of the US’s electricity generation now goes to bitcoin::US government tracking the energy implications of booming bitcoin mining in US.

  • General_Effort@lemmy.world
    link
    fedilink
    English
    arrow-up
    1
    ·
    9 months ago

    Anything that makes bitcoin more valuable is a financial benefit to all people holding bitcoin. Anyone who has a brilliant idea is financially better off by making their own coin.

    Miners, who have money tied up in bitcoin-specific hardware, have a vested interest in maintaining the POW system or else their capital loses value.

    There are probably exchanges short on bitcoin that stand to profit from a decreasing price.

    So yeah. Someone crippled bitcoin. That someone is Satoshi.