Popping the Crypto Bubble with Nicholas Weaver
Factually! with Adam Conover
00:00
Cryptocurrency Is a Zero Sum Gamerigt
crypto currency is wasting somewhere between one to two % of the entire world's energy supply for a system that can do three to seven transactions per second. The math is something that can be done on a forty dollar computer, but it's math that it just repeatedly tries. So if you wanted to change the block history, you'd have to waste at least that much job smacking amount of energy. And so this turns the crypto currency space from a zero sum game into a deeply negative sum gamerigt. Power companies want real money.
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