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Bitcoin Uses a Ton of Energy — On Purpose. Is it Worth It?
Climate One
The Value of Bitcoin's Security
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Last fall, the world's second largest cryptocurrency, changed their code in a way that reduced its emissions by 99.9%. I asked Brittany why Bitcoin couldn't also change its code from the energy intensive proof of work validation method and reduce its own energy emissions in a similar way. The entire point of proof of work is that it is the most secure technology that we have in the world today. If you start to look at the benefits of this type of technology, completely outweighing most of the technologies that we use today for auditability, permission structures, tracking and traceability, crime prevention, you wouldn't say that this is wasted energy at all.
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