this post was submitted on 01 Jun 2025
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741
Meta shareholders overwhelmingly rejected a proposal to explore adding Bitcoin to the company's treasury, with less than 1% voting in favor of the measure (www.dlnews.com)
submitted 3 weeks ago by [email protected] to c/[email protected]
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[–] [email protected] -2 points 2 weeks ago (2 children)

That's as irrational as saying no-one can use EVs until we get rid of all ICE vehicles.

[–] [email protected] 2 points 2 weeks ago (1 children)

Wait but that's like saying that as long as the world has at least one electric car the internal combustion engine can continue to exist without issue.

If the vast majority of cryptocurrencies are still power hungry and the most commonly used cryptocurrency is power hungry then the fact that some of the others are better doesn't really help.

[–] [email protected] -2 points 2 weeks ago (2 children)

that's like saying that as long as the world has at least one electric car the internal combustion engine can continue to exist without issue.

No. PoS (EV makers) are not supporting the existence of PoW (ICE vehicles). In fact, one builder made a deliberate planned move from PoW to PoS. All new builders are PoS.

the vast majority of cryptocurrencies are still power hungry

False. Remove Bitcoin (>100TWh) and the only PoW coin in the top 10 is DOGE (~4TWh).

[–] [email protected] 1 points 2 weeks ago (1 children)

Oh great so if you remove bitcoin your argument works, trouble is, bitcoin exists

[–] [email protected] 0 points 2 weeks ago

The only way to remove bitcoin is through redundancy.

Support it's successor technologies that improve on the design in every single dimension (including energy efficiency).