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7 votes
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McDonald's serves 62 million customers every day
That is 718 sales every second. The Bitcoin network can process less than 5 transactions per second, while consuming almost as much energy as the entire nation of Argentina. It would take miners...
That is 718 sales every second.
The Bitcoin network can process less than 5 transactions per second, while consuming almost as much energy as the entire nation of Argentina. It would take miners on the blockchain 144 days to process just 24 hours worth of sales from McDonald's.
The math only gets marginally better for Ethereum.
I feel very uncertain about how people can think that this is a viable replacement for conventional currencies and digital payment systems.
41 votes -
Bitcoin's growing e-waste problem
11 votes -
Why Monero
6 votes -
Last year, three "seasteading" enthusiasts bought a cruise ship to use as the core of a libertarian cryptocurrency utopia off Panama's coast. The plan fell apart before it made it across the ocean.
17 votes -
El Salvador’s new bitcoin wallets could cost Western Union $400 million a year
15 votes -
People are paying millions of dollars for digital pictures of rocks
17 votes -
NotOnlyFans: An open source, self-hosted digital content subscription platform like `onlyfans.com` with cryptocurrency payment
10 votes -
Scientist invents toilet that turns human feces into cryptocurrency
6 votes -
All money is fiat money
10 votes -
WhaleFarm RugPull
7 votes -
Reddit CryptoSnoos NFT Auction has ended; The average sale price is 131.67 ETH
10 votes -
Reddit introduces CryptoSnoos NFTs
19 votes -
China is kicking out more than half the world’s bitcoin miners – and a whole lot of them could be headed to Texas
19 votes -
Iron Finance’s Titan Token falls to near zero in DeFi panic selling
4 votes -
Can astrology make sense of cryptocurrency? Maren Altman and a million TikTok followers think so.
7 votes -
El Salvador makes Bitcoin legal tender
11 votes -
How to start disrupting cryptocurrencies: “Mining” is money transmission
6 votes -
Dark Forest (cryptocurrency game)
3 votes -
Giant solar project proposed in south Butte, landowners concerned
4 votes -
A death in cryptoland - The investigation into the collapse of Canadian cryptocurrency exchange QuadrigaCX after the sudden death of its CEO Gerald Cotten
8 votes -
China bans financial, payment institutions from cryptocurrency business
11 votes -
Environmental impact of Bitcoin much worse than gold
7 votes -
DarkSide ransomware gang quits after servers, Bitcoin stash seized
17 votes -
Vitalik’s regift of unsolicited DOGE knockoffs sends memecoin prices plunging
12 votes -
Elon Musk announces that Tesla will no longer accept Bitcoin for vehicle purchases citing the energy demand required to maintain the cryptocurrency
27 votes -
SpaceX accepts Dogecoin as payment to launch ‘DOGE-1 mission to the Moon’ next year
7 votes -
Federal court authorizes IRS John Doe summons seeking identities of US taxpayers who conducted at least $20,000 in cryptocurrency transactions during the years 2016 to 2020
15 votes -
Bitcoin is coming to hundreds of US banks this year
8 votes -
PoW is efficient
7 votes -
Cryptocurrency is an abject disaster
57 votes -
Alleged $366M Bitcoin mixer busted after analysis of ten years of blockchain data
10 votes -
Crypto exchange founder disappears with $2 billion
15 votes -
Nassim Taleb: Bitcoin failed as a currency and became a speculative ponzi scheme
@Nassim Nicholas Taleb: WHAT WE WANT CRYPTO & CURRENCY FOR:1) Currency w/o a government2) Stable/reliable for contracts3) Inflation indexed store of value -- basket of items representative for me.4) Rapid transactionsCan we do it? #BTC failed to be currency, open-Ponzi speculative game. 1/n
10 votes -
A Finger Lakes power plant plans to ramp up energy-intensive Bitcoin mining
7 votes -
Thread of Brian Armstrong seeking cofounder on HN (2012)
4 votes -
$7.5B in stolen Bitcoin from 2016 Bitfinex hack has just been moved
@Mr. Whale: WTF! $7.5 Billion In Stolen #Bitcoin from the 2016 Bitfinex Hack has just been moved for the first time in 5 years. pic.twitter.com/WJJ3smY8dc
12 votes -
In defense of Signal
12 votes -
From Circle-of-Gold to Mega$Nets to Bitcoin
4 votes -
I now own the Coinhive domain. Here's how I'm fighting cryptojacking and doing good things with content security policies.
15 votes -
Top shot: The NBA on NFT
5 votes -
Is there any interest in a Cryptocurrency group on Tildes?
I know chat about cryptocurrency hasn't been extremely popular here in the past, but I am curious if there is enough interest now to make a group for it. I am looking for a place to discuss it...
I know chat about cryptocurrency hasn't been extremely popular here in the past, but I am curious if there is enough interest now to make a group for it. I am looking for a place to discuss it from an enthusiast's perspective because Reddit is just getting a little too crazy for me.
13 votes -
‘Beeple Mania’: How Mike Winkelmann makes millions selling pixels
14 votes -
Nvidia confirms they accidentally released a driver that removed the Ethereum-mining limitations on RTX 3060 GPUs, undermining their attempt to make the cards unappealing to cryptominers
25 votes -
India will propose a law banning cryptocurrencies, criminalizing possession, issuance, mining, trading and transferring crypto-assets
19 votes -
On NFTs: They're just a different database
9 votes -
Antivirus software creator John McAfee indicted on cryptocurrency fraud charges
12 votes -
The technological singularity may have already happened, and perhaps bitcoin is the result
16 votes -
Tesla buys $1.5 billion in bitcoin, plans to accept it as payment
22 votes -
The bit short: Inside Crypto’s doomsday machine
13 votes