Re: Nine of the World’s Biggest Banks Form Blockchain Partnership

https://m.youtube.com/watch?v=bi2thGzzNSs

So,

Perhaps do a population using the technology calc, graph it to a world
where humanity has internet, the spread of mining rigs, blah, blah blah, as
required to make a well considered calc.

Others have considered it in a few ways
https://medium.com/@interdome/how-much-electricity-does-bitcoin-use-c350bd84c64e

IMHO, credentials offers a much better solution environmentally... No
production of ASICs on an annualised basis, and grandma can get her
passwords reset by the local retail outlet.

On Fri, 18 Sep 2015 at 12:43 am, David Nicol <davidnicol@gmail.com> wrote:

> On Thu, Sep 17, 2015 at 9:22 AM, Timothy Holborn
> <timothy.holborn@gmail.com> wrote:
> > Any calcs on the energy usage over any period of time?
>
> Huh? you could run a ledger on a wall wart.
>
> > Hostile situation?  Like that doesn't happen?
>
> Not between business partners engaging in a joint venture, no it
> doesn't. Or when it does it isn't due to any kind of
> i've-got-more-CPUS-than-you size war.
>
> Can anyone on this list explain what Holborn is talking about, with
> energy use, graphs, and calculations, in the event that I am mistaken?
>
> I understood the news item to mean that a consortium of existing
> financial institutions have decided to switch to a more efficient
> distributed ledger system instead of the current pretty efficient
> already, at least compared with hauling precious metal in tall ships,
> methods that they use, as a joint venture amongst some cooperating
> partners.
>
> The issues with a publicly connectible blockchain, including 51%
> fraud, energy use associated with competitive mining, vanity and
> testing noise, etc. are simply absent.
>