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Most of mined Gold is used as an investment vehicle or to make jewelry. Source: https://www.statista.com/statistics/299609/gold-demand-by-in...

Gold mining consumes 240.61 TWh per year, which is comparable to the electrical energy consumed by a country like Australia. Source: https://globalenergyprize.org/en/2021/11/24/the…

What does it take to register a new TLD?

If I meant COVID I'd say COVID. When I say flu I mean flu. Why should spreading "flu" not be considered violence? Not deadly enough? Then who is going to decide where is the line d…

NAP is about physical violence. The problem with your way of thinking is that it lets you interpret whatever you feel like as "violence". Should infecting others with a flu also be…

No, NAP is pretty clear. It's just some people treat it as a silver bullet, when it's only a fundamental building block. Libertarians are not against having contractual jurisdictio…

Violating NAP requires taking some action, you can't just "aggress" by not doing anything.

Going over your main points: 1. Payment for LN per "hop" costs about 1 sat. It's hilariously small, so no, it doesn't disencentivize anyone from using it. And best of all, the priv…

Transactions on LN are almost as secure as regular transactions onchain. There is no centralized party involved that you have to trust, to use LN. The funds just get locked on a mu…

Bitcoin is a decentralized monetary system. Nobody controls it, nobody can print new bitcoins out of thin air, nobody can confiscate your bitcoins as they could from a bank account…

>If proof-of-work chains are putting out the same amount of energy as the total energy expenditure of gaming, then proof-of-work chains are not an environmentally feasible solution…

Energy usage of ETH would've been exactly the same whether those artists or anyone else created NFTs. So the comparison with gaming is not really correct. Playing PS5 consumes ener…

I was not talking about better or worse, I was pointing out the flawed way to compare crypto mining energy usage with other industries. >In which case... yeah, a person who's inves…

Transactions don't consume energy. If everyone suddenly stopped making transactions, miners would still be there, running their machines to mine empty blocks. So thinking in terms …

What do you mean by "social consensus chain"? Any UTXO that you create now, when the mining difficulty is quite high, is going to have a very high security, even if the mining diff…

That's like saying that cab drivers are incentivized to maximize their gas consumption. No, miners are actually incentivized to minimize their energy consumption while maximizing o…

I think if the value drops then the security requirements would also drop. And all the existing UTXO's that were already mined when the difficulty was high would also stay secure, …