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en:philosophy:cryptocurrencies [2024/06/22 01:19]
throgh [Generic definitions and explanations] 		en:philosophy:cryptocurrencies [2024/12/11 02:51] (current)
throgh [Economic scale]
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   * Disruption of the global electronics supply chain   * Disruption of the global electronics supply chain
  
-Bitcoin alone as one famous cryptocurrency produces 30.7 kT of electronic waste per year, similar to the Netherlands. Included within are 272g of waste per transaction on average ([[https://www.sciencedirect.com/science/article/abs/pii/S0921344921005103|Source]]).+Bitcoin alone as one famous cryptocurrency produces 30.7 kT of electronic waste per year, similar to the Netherlands. Included within are 272g of waste per transaction on average ([[https://web.archive.org/web/20240510143055/https://www.sciencedirect.com/science/article/abs/pii/S0921344921005103|Source]]).
  
 Proof-of-work cryptocurrencies directly monetize the use of electricty. It fundamentally derives value from of energy waste. Traditional financial systems use energy to maintain the ledger, but the ledger itself is an abstraction for value that exists independently of the energy use. This is inherently a much more efficient design. Proof-of-work cryptocurrencies directly monetize the use of electricty. It fundamentally derives value from of energy waste. Traditional financial systems use energy to maintain the ledger, but the ledger itself is an abstraction for value that exists independently of the energy use. This is inherently a much more efficient design.