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will.stedden > bonkerfield

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8/22/2021 11:44:00 AM

Well from what I've read this is sort of true and sort of not true. The actual number of transactions on the blockchain is proportional to power consumed, but there's basically a workaround where you settle a lot of transactions at once. But I think the more important point is that in that case you still need to keep in place a whole separate transaction infrastructure that works more or less just like the current banking system plus the overhead of a PoW system.