Ep. 18 - What is Distributed Ledger, Cryptocurrency, & Blockchain w/ Isaac Arthur
CRYPTO 101
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Bitcoin Mining Is Not Eco-Friendly
i want bit coin to die in a file. These computation races are wasting prosessing power. A classic mint run by dragging meadows out of the ground or cutting down trees for paper is not exactly super environmentally friendly. The mining process sucks up a lot of prassing power and electricity, but it serves the purpose of keeping the system up and running. If people can steal other people's prossing power and electricity to do the job, it becomes better to do that than to honestly mine by buying and maintaining a tokwaty system of your own. This is an unregulated and untraceable type of money. So it permits a lot of nasty transactions to be conducted with greater ease
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