Meh it's not that bad when you put it into perspective with (other) data centers. Plus there could be some serious drive for innovation in generating more efficient and green energy.
The only reason the media zoomed in on BTC's power consumption is to rile up an ignorant population and get people's attention so they can sell their clickbait content. But it's not actually as bad as portrayed.
Paying even $50 to do something like register your real estate purchase in an indisputable way is more efficient than paying a guy $5000 to file a document in a drawer which is what we currently do.
Every shitcoin tries to implement a solution to a problem like that but every one of them has the same issue BTC has, it won't scale. Until the core issue is fixed all the shitcoins including ETH are just clowning around, trying out things that won't work until the real issue is fixed.
So far the only idea that actually has a chance is LN. Most that pretend to have the solution like ETH or EOS just gave up on decentralization entirely.
When scaling is solved you can implement all the smart contract functionality and asset handling stuff on BTC with faster more efficient systems than any of the shitcoins and that doesn't mean putting everything on chain like BSV does.
Generalizing. There are some really cool altcoins with economics and usecases that make sense and could really scale in the future to broad and vast markets.
For example, think of the gaming industry. Stuff like RSGP has real world value and it has for a long time now. So much even that there are people that work playing videogames to get this in-game currency. Now imagine that money not being subjected to centralized servers and rules and people being able to transfer their gaming currency freely and free trade based on decentralization and blockchain immutability. I think that is where some serious dough can be made. MMO's hosted on the blockchain could be a big breaktrough especially now at a time where lots of people are looking to monetize the time they put in playing games. And it's all possible. It's absolutely amazing when you think about that, but you couldn't do that with Bitcoin at all. It just doesn't fit into that picture. Because the games need to be hosted on a blockchain without centralization for the economy to work. Else gaming corporations would just impose their own stupid rules and you'd have a sort of shadow economy.
Plz dont talk about an MMO being hosted on a blockchain. You are either a retard or you are making retards seriously misunderstand blockchains.
Some specific things about an MMO can be handled on a blockchain. The game itself not. Seriously, retards will not understand this by themselves.
>mr smarty pants
reminder that this person is only "famous" for being a self-admittedly terrible trader.
They are the boomers of crypto. Close minded, tribalistic and paranoid. They hold onto the belief bitcoin can solve every use case in crypto without any substantial argument.
BTC maximalists are a cult. Just consider carnivory dinners they have, I mean wtf, all you need to know about what lunatics they are. Plus, they’re just protecting their investment. There is a tsunami of way better DLTs coming up than BTC. BTC will remain #1 for few years max because of momentum and ignorance, then it’s over.
All that's needed to change my mind is one shitcoin that works. Do you know something I don't? Is there a hidden gem somewhere that actually works and nobody noticed?
So blockchain will never have any use beyond Bitcoin then? Yep, that's totally realistic.