I’m noticing some very interesting attacks on blockchain technology lately. I’m willing to bet the calculations are derived from the probability theories we so dearly represent as near certainties.
Every $1 of BTC value responsible for $0.49 in health and climate damages in US
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Re: Every $1 of BTC value responsible for $0.49 in health and climate damages in US
#72Earlier quoted context omitted.
Oh please. It has almost no use as a currency, it's the rise of an asset bubble.
Still has usage as a potential store of value and a means of cheap global transfers. My mother in law use it monthly to transfer money to her home (third world) country, which is crazy easy and cheap compared to traditional means.
I can rent a moving truck to get groceries, but that doesn't mean it's a good idea. There might be narrow use cases, but that doesn't mean it's the best realistic way to solve every problem, and it doesn't mean it's worth the cost.
Re: Every $1 of BTC value responsible for $0.49 in health and climate damages in US
#73And I'm especially angry at hypocrites like Elon Musk who are profiting from climate change and then proceeds invest those profits in bitcoin that accelerates climate change.
If you were sitting on billions and wanted to accelerate climate change then investing in BTC is probably the most inefficient way to do that. I doubt that idea ever even crossed his mind. It’s just about the profit.
That's exactly how I understood the parent: Musk goes after anything that brings profits, and doesn't care about climate. Neither acceleration or deceleration.
Re: Every $1 of BTC value responsible for $0.49 in health and climate damages in US
#74Re: Every $1 of BTC value responsible for $0.49 in health and climate damages in US
#75Well if they 're so upset they can ban the mining of new bitcoins, the price of existing ones will go through the roof
Mining validates the transactions as well. No mining would mean it was worthless over night.
Re: Every $1 of BTC value responsible for $0.49 in health and climate damages in US
#76Earlier quoted context omitted.
> Most of this electricity comes from the cheapest source of power, which is hydro. This has become almost a religious belief amongst cryptocurrency acolytes, but it's simply not true. -- Edit: please see my comment¹ and piplikoc's comment² below for more detail on this. 1. https://news.ycombinator.com/item?id=26342411 2. https://news.ycombinator.com/item?id=26342366
If you're going to question the validity of an assertion please provide more than just a counterassertion.
Onus probandi
Otherwise nonsense claims can easily destroy the discussion by DoSing the opposition.
Re: Every $1 of BTC value responsible for $0.49 in health and climate damages in US
#77Not to mention China!
Re: Every $1 of BTC value responsible for $0.49 in health and climate damages in US
#78$1 of Global Plastic production is responsible for far more health and climate damage in the US than bitcoin.
I am unsure how whataboutism pointing to an unrelated industry adds to this topic.
Re: Every $1 of BTC value responsible for $0.49 in health and climate damages in US
#79$1 of Global Plastic production is responsible for far more health and climate damage in the US than bitcoin.
You'd get a few bottles at least.
Re: Every $1 of BTC value responsible for $0.49 in health and climate damages in US
#80It is year 2021 and people still think Bitcoin is boiling the oceans. Bitcoin is the greenest think on this planet. Economic empowerment it brings to individual together with energy extraction innovations is just beyond imagination of most people in this forum.