Peck by twetch#140

13Mcku…Ko3D Key · twetch

#InOneTwetch: ‪I think Bitcoin is a replacement of the existing internet. Not an upgrade, it’s a transition that will move the least valuable data off internet to‬ Bitcoin last.

We once thought internet was the answer, let’s think that again once more.

What the chain says

Transaction: 6c9e4c1e08c17642877272f18708678d1158685266ab169de84ca32078dd1fb2
Block: 631 180
Time: 2020-04-18T19:22:48Z
Signer: 13MckuFoT6zopfawknos5oP292KVXPKo3D
App: twetch
Type: post
Content type: text/plain
Name in tx: twetch#140

Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.

Signed by 13MckuFoT6zopfawknos5oP292KVXPKo3D Verified

Reposted by (1)

twetch#1658 Reposted · 6.5y

Replies (7)

twetch#22133 6.5y

15TJEq…8Ma7 Key · twetch

Replying to@13Mcku…Ko3D

i'm sceptical of this view as the computational power required for a blockchain-run internet would be significantly more than what is used right now. could we really power the blockchain on such a massive scale?

twetch#140 6.5y

13Mcku…Ko3D Key · twetch

Replying to@15TJEq…8Ma7

Why do you think a miner uses more electricity for hosting, CDN or any other function the users of the internet (Bitcoin) requires?

Don’t look at hash rate, this will be the least important factor in ten years as the protocol is economically protected.

twetch#22133 6.5y

15TJEq…8Ma7 Key · twetch

Replying to@13Mcku…Ko3D

because a network of P2P miners + nodes is, unfortunately, not an efficient use of electricity when compared to a centralised server farm. it's the price we pay for decentralisation. hashing miners is more costly than a CDN serving data.

twetch#140 6.5y

13Mcku…Ko3D Key · twetch

Replying to@15TJEq…8Ma7

You think there will be more efficiency with Bitcoin replacing functions the existing internet can’t provide unless there is human intermediaries to verify data?

That assumption alone should dwarf the electricity cost POW increase.

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Post by twetch#140

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