Bitcoin Forum>Bitcoin>Bitcoin Discussion>Press
Author

Topic: [2018-03-01] Ironically, Blockchain Could Save Bitcoin’s Environmental Downfalls (Read 101 times)

jseverson
hero member
Activity: 1834
Merit: 759
[2018-03-01] Ironically, Blockchain Could Save Bitcoin’s Environmental Downfalls
March 01, 2018, 08:10:10 AM
#2
It's a very interesting concept, but it sounds like a long shot to me. Sure, the blockchain has plenty of interesting properties, but I don't believe this is where the problem lies:

Quote
It ultimately means turning our trust towards a few lines of code rather than a committee of authorities.

I mean, the authorities are going to be the ones giving out the incentives, so it's not like the blockchain can take them out of the picture. It would be awesome if it worked, though, because it seems to be a basic incentive system which can be applied to a wide variety of stuff.
martychubbs
hero member
Activity: 742
Merit: 503
Re: [2018-03-01] Ironically, Blockchain Could Save Bitcoin’s Environmental Downfalls
March 01, 2018, 06:35:17 AM
#1


It is safe to say that while blockchain technology hasn’t been around for long in comparison to other revolutionary technical ideas, its effect is being felt in every industry in some way or the other. For the masses, bitcoin, by far, remains the most popular term associated with the innovation, while Ethereum comes a clear second in that order. A Google trends chart comparing these three search keywords for the past 12 months shows that the results aren’t surprising, as bitcoin outshines the other two.

Popularity Comes at a Cost, Especially in Iceland
However, there have been specific issues presented by environmentalists who believe that bitcoin, or any cryptocurrency mining, is harming the environment. They argue that the processors required to keep these participating nodes running in the network, specifically for mining purposes, are drawing from huge amounts of electrical power and making worse the problem of climate change.

full text and source :
https://btcmanager.com/ironically-blockchain-save-bitcoins-environmental-downfalls/
Bitcoin Forum>Bitcoin>Bitcoin Discussion>Press
Jump to: