Best alternative to Bitcoin
Bitcoin wastes so much electricity with its proof of work concept and is arguably not very efficient as a store of value. Requires lots of work computationally to maintain status quo of the system running. What are good crypto alternatives to Bitcoin?
ETH 2.0, Tezos, Polkadot, Cardano, Algorand All trying to compete for the scalable transaction token market.
Proof of work is a blockchain concept, so anything based on blockchain will be just as much of an environmental disaster as bitcoin.
Cool, now do VISA & MasterCard? How much electricity are they using?
Visa and Mastercard are useful.
Yeah that’s the point dude. Store of wealth = store of value. The dollar is backed by fossil fuels. Gold takes an immense amount of energy to mine. That’s what money is, and the ecosystem underneath the dollar is unbelievably wasteful. How many empty bank skyscrapers stay lit up every evening? Why not complain about that rather than understanding why we value bitcoin. That being said, Decred is another great project, mix of Proof of Work & Proof of Stake, users who stake are able to vote on transactions & a percentage of the mined Decred is apportioned to the staker while most goes to the miner. Small percentage then gets allotted in the coin treasury to build out the network, & those funds are voted on for distribution. Its been steadily growing & tends to follow same trajectory as BTC rather than lead it.
Easy question. Doge coin.
Nano and IOTA
Buy some nfts: like elon musk tweets, pepe memes or domains which can be big. This one probably will be bought by binance at some point for their goose finance proj https://rarible.com/token/0x60f80121c31a0d46b5279700f9df786054aa5ee5:139278
Tron and cardano 100% energy efficient Jk I think you need to understand that anything worth value is hard to get and takes energy. If bitcoin was easy to get it wouldn’t have value. Just like if gold was in everyone’s backyard, it would be worth significantly less There’s been 6,500 btc competitors so dumping a large amount of money in an altcoin in hopes it beats bitcoin is pretty risky
The argument against Crypto from an energy perspective is FUD and very surface. Economic activity has always been energy-intensive and will continue to be. Misallocation of capital to nonproductive economic activity (read waste) due to proliferation of cheap credit is a far larger issue than the electricity used to transact on the blockchain. Mass adoption of Bitcoin can correct this. Also crypto mining and processing creates an energy buyer of last resort who can soak up excess solar and wind capacity that would otherwise be wasted, as well as use natgas that would otherwise be flared.
The basic concept behind crypto seems to be wasting energy do the only option is coins that aren't actively mined ..
Are you Jon Snow? Cause you know nothing
Great feedback. Very constructive. Are you bitcoin ? Cause you're useless :-)