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Over 2 percent of the US’s electricity generation now goes to bitcoin
(arstechnica.com)
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this post was submitted on 03 Feb 2024
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I sometimes have a weird vibe like someone somehow crippled Bitcoin by making it not able to evolve and develop. I mean... If I wanted it gone and couldn't just destroy it, I would cripple it. Idk, just feels sus.
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.