Bitcoin influencer Pomplanio says crucial things in the world use energy
Anthony Pomplanio shared his point of view on the high energy consumption nature of Bitcoin and explained how it is not very high over a traditional system.
As we know that Bitcoin is at the top level in terms of adoption as a currency. No one crypto asset, except Bitcoin, is legal tender in the world. Here Bitcoin is playing a highly decentralized nature in the world, no matter what are disadvantages to adopt Bitcoin over an efficient blockchain network.
Recently, crypto influencer Anthony Pomplanio appeared in an interview with CNBC Squawk Box with Joe Kernen. In the interview, Pomplanio explained how the consumption of high energy is a problem.
Through the interview, Pomplanio said that people are missing the key points of Bitcoin and they are only criticizing it for its high energy consumption as an issue against environmental health.
Pomplanio said that there is not much of a big difference between the energy consumption of the US dollar and Bitcoin. He said that there is a parallel relationship between these two things. He added:
“There is a linear relationship between energy consumption and the dollar system, to support more users and more transactions, we need to consume more energy, more data centers, more bank branches, more ATMs.”
So, Pomplanio said that maintenance charges to use US dollars are very high and it is much comparable to the energy consumption cost of the Bitcoin blockchain network.
On the other hand, Pomplanio also explained that Energy consumed by the Bitcoin blockchain network adds value to Bitcoin. He said that the mining of each Block adds value to Bitcoin.
“Bitcoin scales, it will become more efficient because you will be able to add more economic value to each of these blocks”
Pompliano on meme coins
Earlier this, Anthony Pomplanio shared his stance on the trend of meme coins. Anthony said that all meme coins are just part of small popularity because of social media discussion.
Pompliano said that Shiba inu memes like tokens are Dog Poo. And real investment doesn’t work in this way. Actual Investment depends upon the future and concept of the projects.
Read also: UAE’ new rule against crypto scammers, 5 Year Prison & Fine
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