Is #Bitcoin broken by #design?
#Bitcoins are supposed to be a #decentralized alternative global #currency. Originally, everyone was supposed to participate in #mining with their #CPU and thereby achieve decentralization. If this were the case, cryptocurrency could be operated today via Raspberry Pies in a power-saving manner, because the complexity of the mining adapts to the CPU #power that is available. But #greed tempted some participants to use server farms to earn more via mining. Of course, this increased the pressure on others to follow, since they also wanted to get a piece of the pie. Consequently, more and more #hardware and energy was wasted on mining.
#capitalism #environment #energy #waste #crypto #blockchain #problem #fail #gpu #technology #future
