this post was submitted on 02 Jun 2024
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Under what scenario does bitcoin reduce energy intensity by >99%
the future
is unknowable
It's partially knowable.
I know monkeys are not going to fly out of my butt.
I know that while Bitcoin exists, it's energy consumption is not going to reduce by over 99%
no, you don't. you can't have evidence about the future because it hasn't happened.
I'm not asking for evidence. I'm asking for any hypothetical scenario that allows bitcoin to compete with PoS on energy consumption.
since you can't have evidence, you can't know.
I don't have evidence, but I know monkeys are not going to fly out of my butt.
you can't know that.
So ... Bitcoin matching PoS energy consumption is as knowable as monkeys flying out of my butt.
Gotcha. Conversations like this are what give Bitcoin Maxis a bad name.
i haven't taken any position on "bitcoin maxis". i'm only discussing the protocol and the limits of knowledge. you are making all manner of leaps of logic.
A Maxi would be unable to admit that there is no imaginable scenario where the bitcoin protocol will drop to the low energy requirements of a PoS blockchain.
there is no energy requirement at all for either mining method. the protocols are energy-agnostic.
Incorrect. Bitcoin protocol is designed to distribute bitcoin to whoever provides the most energy (work).
it's all just guess-and-check. a raspberry pi could find the next block even today.
Agreed. Because they can't provide enough power to prove the required work.
i think you read a word that isn't there. the work of generating a nonce, hashing the header, and checking for leading zeroes can certainly be done by a raspberry pi in under the 10 minute block time.
A raspberry pi could verify a bitcoin block. It is EXTREMELY unlikely to find the next block.
unlikely, given the network hashrate, but not impossible.
A hash rate that requires 170TWh of electricity. There are no scenarios where this drops more than 99%, except for the destruction of bitcoin.