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Questions tagged [bitcoin]

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11
votes
0answers
460 views

Can Bitcoin's huge energy footprint be easily reduced? [closed]

In Uninhabitable Earth, David Wallace-Wells notes Bitcoin's huge energy footprint ("more electricity than is generated by all the world’s solar panels combined") and asserts that a simple change to ...
0
votes
0answers
318 views

Did Craig Wright create Bitcoin? [duplicate]

The developer(s) of Bitcoin used the codename Satoshi Nakamoto. Craig Steven Wright, an Australian computer scientist, has claimed to be him. A recent Coin Telegraph article reports it is widely ...
2
votes
0answers
209 views

Has illicit cryptocurrency mining surged 459 percent in 2018 compared to last year?

If you are unaware, a recent trend in cyber attacks involves hijacking your computer's processing power to "mine" cryptocurrency, which they sell for money. Some discovered attacks were large spread ...
6
votes
1answer
1k views

Can governments destroy the value of Bitcoin, if they wanted to?

Note that this is a question about Bitcoin that is separate from my other question, which had asked whether Bitcoin is a pyramid scheme. Jamie Dimon, the CEO of JP Morgan, claims that the governments ...
6
votes
0answers
633 views

Does the Bitcoin network consume as much energy as Denmark?

According to Ars Technica: One estimate suggests the Bitcoin network consumes as much energy as Denmark. There are other sources that make similar claims: Greentech Media claim: The Bitcoin ...
65
votes
0answers
8k views

Does one transaction on Bitcoin require 215 kWh? [closed]

This seems unbelievable: This averages out to a shocking 215 kilowatt-hours (KWh) [sic] of juice used by miners for each Bitcoin transaction (there are currently about 300,000 transactions per ...
0
votes
2answers
749 views

Is the cryptocurrency Bitcoin a pyramid scheme? [closed]

Bitcoin has long received both praise and accusations of being a pyramid scheme. So, I was wondering whether it is a pyramid scheme or not. Googling for answers led me to the Quora post Why is Bitcoin ...
2
votes
0answers
777 views

Is bitcoin a pyramid scheme? [closed]

According to the Fortune Magazine article This Billionaire Just Called Bitcoin a 'Pyramid Scheme', Howard Marks said: In my view, digital currencies are nothing but an unfounded fad (or perhaps ...