US government tracking the energy implications of booming bitcoin mining in US.

Over 2 percent of the US’s electricity generation now goes to bitcoin::US government tracking the energy implications of booming bitcoin mining in US.

  • dhork@lemmy.worldEnglish
    2·
    9 months ago

    Oh, I have confidence that we can develop quantum-resistant crypto. My concern is in the governance of all the projects. Cardano seems to be in good shape, but it put some thought into how to make decisions that have at least some community involvement. But the market is driven by BTC mainly, and they have some issues in how they run themselves.

    • makeasnek@lemmy.mlEnglish
      1·
      9 months ago

      BTC’s protocol has gotten steady, incremental improvements for 15 years without a single hour of downtime. Lightning was deployed a few years ago and continues to grow each year and get easier to use and deploy. Migration to quantum-resistant algorithms is in the interest of all parties who use the system including miners, banks, hedge funds, developers, users, etc. It’s a very easy problem compared to other questions they faced around blocksize, taproot, etc.