Did you know the Bitcoin protocol has a negative impact on the environment?

Thread starter ainster31
Start date Dec 6, 2013
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Bitcoin Works

AI Thread Summary

The discussion highlights an article by Michael Nielsen that explains the complexities of the Bitcoin protocol, emphasizing its environmental impact. Participants express surprise at the intricacies of Bitcoin, contrasting it with simpler payment systems like PayPal. The original Bitcoin white paper is also referenced, suggesting a deeper exploration of its foundational concepts. The environmental concerns surrounding Bitcoin's energy consumption are a significant focus, indicating a growing awareness of the ecological implications of cryptocurrency mining and transactions.

Dec 6, 2013

ainster31

A nice article for laymen: http://www.michaelnielsen.org/ddi/how-the-bitcoin-protocol-actually-works/

Original paper: http://bitcoin.org/bitcoin.pdf

One thing you will notice from reading the article is how terrible this protocol is for the environment!

Last edited: Dec 7, 2013

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Dec 7, 2013

dipole

Wow I had no idea bitcoin was so intricate - I thought it was just another version of paypal.

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