India aims to develop digital rupee and increase tax on cryptocurrencies – IT Pro – News

pas op, your bias is showing

• you don’t understand that not all crypto energy is devouring
• you are comparing crypto to child porn

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Be careful not to spread ad hominems.

If you had applied reading comprehension, you would have understood that I am not too keen on the comparison with child porn with regard to possible enforcement, not with how bad one is compared to the other. Child pornography in digital form is comparable to other data in that it only consists of ones and zeros. The difference with a lot of other data is that child pornography is illegal, and my example was about its enforcement. Child pornography was the easiest comparison here, because everyone has an idea of ​​how that is prohibited.

Furthermore, cryptocurrency as a whole is energy-consuming, and large proof of stake coins would not exist due to proof of work. That by definition makes ‘all’ crypto energy-consuming, because the cryptocurrency that is not energy-consuming has a right to exist because of cryptocurrency that is.

In other words, switching from proof of work to proof of stake has not shown a significant reduction in the energy consumption of cryptocurrency worldwide.

Despite all the discussion, my initial question still hasn’t been answered. Who benefits from cryptocurrency, and who pays the bill? Note that I don’t just mean money by this.

[Reactie gewijzigd door The Zep Man op 3 februari 2022 08:52]

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