Most of the scientific studies cited in the media are using flawed and debunked papers that link usage of the network (in transactions per second) to power usage.
There are many reasons why these papers are flawed, but this is chief among them.
(I edited for length, and realize I didn't define TPS. That's Transactions Per Second).
If you mint an NFT, the ETH network is going to use the same amount of power as if you don't mint an NFT.
The price of ETH and BTC *can* have an effect on how many miners join the network, but if you double the size or halve the size, you do not affect TPS.
The truth is that Bitcoin and Ethereum and most major cryptocurrency have a fixed transaction limit.
ETH is somewhere around 20 TPS.
BTC is somewhere around 7-11 TPS.
This does not change with more or less miners on the network. This does not change if the price goes up or down
my quick reaction to bill maher's claim that bitcoin will warm the climate by 2ºc (it won't)
I identify more with Bitcoin Maximalism than any other crypto philosophy, but many of these points are misleading or incorrect.
Here are 7 reasons I am not optimistic about Ethereum’s long-term future.
#1. It is not immutable and can be censored. The developers can roll back transactions and change the rules whenever they want. They can also be pressured by others – such as governments.
I won 2 achievements in Dead by Daylight for 28 points on #TrueAchievements https://www.trueachievements.com/gamer/theRizznFamily
"The governance of the internet is unsustainable," said Chehade to us in 2014.
He then goes on to describe that what's required is a perfectly BFT, federated and decentralized internet.
Here we are 7 years later still fighting for decentralized blockchain DNS controls.
I've produced thousands of interviews from behind the camera over the years, and conducted thousands more.
One of my very favorite interviews is with former ICANN CEO Fadi Chehade.
Some NPR show host told me my opinions about NFTs are shit, and now I'm learning that I've been vastly overestimating general capability for NPR listeners to carry on a conversation reading through the thread.
Somehow I'm only getting alerted to about 5% of the tweets.🤷🤷
/mark rizzn hopkins
crypto-anarchist, thinker, maker, gonzo-blogger.
Creator of theCube (enterprise TV).
An IBM Futurist.
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