Transaction

j"1LAnZuoQdcKCkpDBKQMCgziGMoPC4VQUckM?<div class="post">Thanks very much for the extensive and informative reply. I do not disagree with the points that you made, but I also don't believe it invalidates my fundamental point: it is not inherently necessary for a digital currency such as bitcoin to require as much energy input as bitcoin does. A digital currency that offers bitcoin's behavior at a "lower cost" of energy overhead of the currency and transaction system has a competitive advantage. The digital currencies that will win and become standards, I believe, are the ones that offer the most value-added on top of the costs of running the system. Of course, there is room for many currencies - we already have a multiplicity - so it is not necessary for Bitcoin to become the "one true money" for it to succeed, but I believe the current minting policies will be harmful to its growth and adoption long-term. Much of the utility value of bitcoin resides in the work done to establish the security and reliability of the system - accomplishing that work with a smaller energy input would seem to be beneficial.</div> text/html