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The ecological disaster that is Bitcoin

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Re: The ecological disaster that is Bitcoin

#2

Post by randomhodler84 »

Hahaha not this again. More ignorance and misinterpretation of how and why energy is used. It doesn’t matter how much energy is used! What matters is how it is made, and there is no better financial incentive than renewably mined bitcoin.

Eventually humanity should build acoustic Dyson spheres around nocoiners to convert their void screams into network hashrate.

Re: The ecological disaster that is Bitcoin

#3

Post by domano »

randomhodler84 wrote: post #2

Hahaha not this again. More ignorance and misinterpretation of how and why energy is used. It doesn’t matter how much energy is used! What matters is how it is made, and there is no better financial incentive than renewably mined bitcoin. Eventually humanity should build acoustic Dyson spheres around nocoiners to convert their void screams into network hashrate.

I do not understand the argument, i have read it a lot in the last weeks. Does bitcoin not just incentivise the currently cheapest energy source? Which is still not renewable for most markets afaik.

Re: The ecological disaster that is Bitcoin

#4

Post by snypher »

randomhodler84 wrote: post #2

Hahaha not this again. More ignorance and misinterpretation of how and why energy is used. It doesn’t matter how much energy is used! What matters is how it is made, and there is no better financial incentive than renewably mined bitcoin. Eventually humanity should build acoustic Dyson spheres around nocoiners to convert their void screams into network hashrate.

>doesn’t matter how much energy is used

For machines that turn coal into waste heat for no benefit, I think it does.

Re: The ecological disaster that is Bitcoin

#5

Post by superkuh »

Everyone competing to find hashes that start with a large number of zeros to secure a currency is significantly less of an ecological disaster than maintaining a standing army (or military alliances with someone who does) like fiat currencies use.

Re: The ecological disaster that is Bitcoin

#8

Post by throwaway6734 »

superkuh wrote: post #5

Everyone competing to find hashes that start with a large number of zeros to secure a currency is significantly less of an ecological disaster than maintaining a standing army (or military alliances with someone who does) like fiat currencies use.

Bitcoin can't function without the same standing armies

Re: The ecological disaster that is Bitcoin

#9

Post by randomhodler84 »

domano wrote: post #3
randomhodler84 wrote: post #2

Hahaha not this again. More ignorance and misinterpretation of how and why energy is used. It doesn’t matter how much energy is used! What matters is how it is made, and there is no better financial incentive than renewably mined bitcoin. Eventually humanity should build acoustic Dyson spheres around nocoiners to convert their void screams into network hashrate.

I do not understand the argument, i have read it a lot in the last weeks. Does bitcoin not just incentivise the currently cheapest energy source? Which is still not renewable for most markets afaik.

Eventually all markets will converge on renewable energy being the cheapest. It can be no other way — no consumable fuel will always beat consumable fuel in the long run. Bitcoin accelerates this transition process by providing something of value.

Re: The ecological disaster that is Bitcoin

#10

Post by randomhodler84 »

snypher wrote: post #4
randomhodler84 wrote: post #2

Hahaha not this again. More ignorance and misinterpretation of how and why energy is used. It doesn’t matter how much energy is used! What matters is how it is made, and there is no better financial incentive than renewably mined bitcoin. Eventually humanity should build acoustic Dyson spheres around nocoiners to convert their void screams into network hashrate.

>doesn’t matter how much energy is used For machines that turn coal into waste heat for no benefit, I think it does.

It’s cool that you think there is no benefit. Bitcoin is an optional system that nobody is forced to use. I find a very large benefit and so do millions of others. Enjoy watching the depreciating fiat!
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