• Knock_Knock_Lemmy_In@lemmy.world
      link
      fedilink
      English
      arrow-up
      1
      ·
      edit-2
      7 days ago

      Yes, most people buy, sit on, and then hopefully sell with a profit.

      However, there are a large number of devs building useful things (supply chain, money transfer, digital identity). Most as good as, but not yet better than incumbent solutions.

      My main challenge is the energy misconception. The cumulative power of the ethereum network runs on the energy equivalent of a single wind turbine.

    • null@slrpnk.net
      link
      fedilink
      English
      arrow-up
      1
      ·
      7 days ago

      And honestly even if it did serve it’s actual purpose, the cumulative power consumption would still be a point of debate.

      Yeah, but at that point you’d have to consider it against how much power the traditional banking system uses.