...and, hear me out, that will be perfect for keeping messages untraceable by the government. Every single of those 200,000 computers will have full copies of all the messages ever transmitted, unencrypted, but they'll never be able to tell who wrote them and who they were for.
At first I read "200.000" as a particularly precise float, and laughed at the absurdity. Then I realized he meant "two hundred thousand" and it came full-circle from comedy to tragedy. :(
If you want a trustless system, you have to sacrifice performance.
At least the proof of stake blockchains like Ethereum don't use that much energy, and you get a pretty cheap and fast transaction with layer 2 solutions on par with credit card transactions.
The blockchain is better than the stock market, that's for damn sure.
All the assholes saying crypto is bad for the environment are completely silent about the amount of power that CBDCs will consume or the amount of power consumed by the stock market.
Wow, I thought I was back on reddit with the tech fear mongering.
A single Ethereum transaction now uses only 0.02 kWh of electrical energy and has a carbon footprint of 0.01 kgCO2, which is much lower than the average values for a debit transaction or PayPal.
I love how one man created arguably the most complex puzzle in the history of mankind and people shit on it just because it's literally hard to solve (aka "uses energy") and the solutions have value.