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rglullis , (edited )
@rglullis@communick.news avatar

You are talking about “crypto”, which implies that you are talking about different blockchains, including Bitcoin and all other blockchains that rely on Proof-of-Work.

My figures are specific to the Ethereum blockchain, which is used to control transactions in Ether and many other cryptocurrencies (look for “ERC20 token standard”, if you care to understand), including stablecoins that have its value anchored to different “real currencies” like USD, EUR, GBP… The Ethereum blockchain uses Proof-of-Stake and does not require “burning energy” to keep the network secure.

FWIW, I’m all for banning all blockchains based on Proof of Work, or at the very least adding a prohibitively expensive tax for every transaction done by a centralized exchange. This would be more than enough to kill Bitcoin or force them to clean up their act and switch their consensus system.

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