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  • kpitcher's Avatar
    05-24-2021, 10:19 PM
    stablecoins use blockchain, blockchain requires validation. Crypto calls it mining, blockchain services call it validation. Same thing, some machine is stamping blocks to make the blockchain secure. It matters how those stablecoin systems are designed, there are a few. Many stablecoins exist on ETH which is a whole other beast. Some use permissioned servers, meaning it's not totally decentralized and can avoid the bitcoin arms war. Some are entirely centralized so only need a few servers running. In the end a stablecoin should be stable, otherwise it is worthless. Then again people are still using Tether even though it is only 4% liquid. As to bitcoin, it will always be a total energy hog unless there is a consensus to change the backend algorithm. Currently I don't see that ever happening. The largest mining pools would lose their income stream so there would be no advantage to them to change anything, and those larger pools control the majority of the network. This energy draw will only increase as long as Bitcoin has any value.
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    There goes the 4 god damn pages I typed out trying to answer your questions, FUCK. Just kidding I have em' saved.
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    your message quota is used up
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