this post was submitted on 09 Feb 2024
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Misleading title - the problem is not "crypto", it's pretty much all Bitcoin and the people against the change in the consensus mechanism. Out of the top ~~10~~ 9 coins in market cap, Bitcoin is the only one using proof of work, which demands such high energy requirements.
bitcoin has got to be invented by an alien or something so that we would terraform for them...
Probably just a fool thinking free fusion energy was just around the corner
It's more that it was originally a theoretical white paper meant to present a potential solution for a very specific problem space. Energy use wasn't a consideration in the design, because that wasn't part of what it was meant to address. Likewise, anonymity in the sense of hiding transactions wasn't part of the design either, besides avoiding centralized banking's requirement that every "wallet" is associated with a government ID.
It was a fun toy meant as a proof of concept solution to centralized banking.
Eventually market speculators saw what the nerds were getting up to, got some ideas, and everything freaking exploded. It wasn't meant to drive speculative markets.