El Salvador President Nayib Bukele plans to introduce legislation that will make it the world's first sovereign nation to adopt bitcoin as legal tender.
Not so fast and cheap though.
Previously when countries were moving gold to/from USA by ships it were also very expensive in terms of energy transactions.
Lol, but still works for sending billions globally
sure, but you could also send billions globally using significantly less energy…
Not so fast and cheap though. Previously when countries were moving gold to/from USA by ships it were also very expensive in terms of energy transactions.
i rather meant other cryptocurrencies…
but if you’re a billionaire trying to move a billion to another address, 1MWH doesn’t seem that much
Fun thing that the same functionality would be with lower amount of miners, spikes in price lead to increase in miners amount and hashrate.
I can’t think of a slower or more expensive way lol