No, Musk, don’t blame Bitcoin for dirty energy — The problem lies deeper
Bitcoin is not responsible for dirty energy — people are. But Elon Musk is now responsible for Dogecoin. Elon Musk is definitely interested in digital currency, but it seems that he doesn’t want to understand it. At least, I worry that he doesn't have a deep enough understanding of Bitcoin (BTC) and decentralized systems in general.A decentralized system has to be secure, and proof-of-work (PoW) is the solution for Bitcoin to secure its digital asset. The more successful Bitcoin is, the more energy is required for PoW to secure the network. In other words, the reason that Bitcoin uses up....
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The U.S. should address the environmental problems of Bitcoin mining by providing its clean energy to set up mining hubs, Mayor Francis Suarez said. The majority of Bitcoin (BTC) is mined outside of the United States using “dirty energy,” Miami Mayor Francis Suarez has claimed.Suarez discussed the environmental implications of Bitcoin mining in a March 26 episode of the Unconfirmed podcast with cryptocurrency journalist Laura Shin. The mayor said that the U.S. should mine more Bitcoin for to national security reasons.“A part of the problem with Bitcoin is 90% of it is not done in the....
On Sunday, Tesla’s CEO Elon Musk tweeted that when there’s “confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions.” Elon Musk And The Green Energy Debate These days, Elon Musk and a slew of other billionaires have a lot to say, and it appears that […]
I walked up to a businessman friend a few days ago and asked him point blank: “Do you know what bitcoin is?” He stared at me and blinked twice. He really didn’t need to reply, his facial expression was a dead giveaway. He didn’t have a clue. Here lies the problem, when many of us Filipinos, rich and poor alike, are struggling to get out of the so-called rat race of eat-sleep-work-pay-bills, we do not have any inkling of the advances in finance, investments and technology that could help us in our quest to financial freedom. Blame it on the banks for never introducing us to such concepts....
One early cryptocurrency entrepeneur thinks Elon Musk lacks moral consistency when it comes to his management of Bitcoin. The founder of one of the first physical cryptocurrency exchanges has slammed what he perceives as hypocrisy on the part of Elon Musk, after the Tesla CEO announced the electric car firm would stop accepting Bitcoin (BTC) as a form of payment.The charges of hypocrisy levelled at Musk stem from the fact that around $1.5 billion worth of Bitcoin remains on Tesla’s balance sheet.Musk criticized Bitcoin energy’s consumption in a recent tweet where he announced that Tesla....
Multiple versions of Android are vulnerable to Dirty Cow, regardless of device manufacturer. Even though mobile devices are becoming more popular than ever before, there are still systemic risks. Mainly the Android operating system seems vulnerable to more attacks than ever before. Dirty Cow, a new vulnerability discovered this week, may affect a lot of Bitcoin users as well. One can never be too careful when dealing with finances. It is not the first time a new Android vulnerability is discovered. Given the sheer popularity of this mobile operating system, hackers have been attracted to....