141–150 of 296 posts
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Using clean energy for anything still increases the total demand for electricity which is going to result in more dirty energy production no matter what.
Yeah fine, but then it's still completely consistent that if your goal is to decrease overall energy consumption, you would find ways to curtail energy intensive activities which provide little social value.
Nice, what other software I'm not allowed to run on my machine? Can I play high end games? Make scientific computations? Experiment with machine learning?
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High mining cost is what provides network security. I doubt there will be popular support for military interventions against Bitcoin. But if a "War against Bitcoin" were to happen, it would probably be as successful as the "War on Drugs" and "War on Terror"
Security is the argument of last-resort for so many bad technologies.
"If we were to allow extensive mining of crypto-assets in Sweden, there is a risk that the renewable energy available to us will be insufficient to cover the required climate transition that we need to make. This energy is urgently required for the development of fossil-free steel, large-scale battery manufacturing and the electrification of our transport sector. Based on estimates from Cambridge University, it is cu…
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Honestly do we really need cryptocurrency? I don’t want my transactions public. I like exchanging cash for weed (legal in California) and nobody needs to know regardless. I also don’t understand what’s wrong with USD. I grew up in a third world country so maybe it could help people there but in USA? I’m happy with the dollar fluctuations vs four digit fluctuations daily. Can someone give me a good explain?
Not all crypto is money. ETH for example (which will soon be proof of stake... and more energy efficient) could be considered more accurately as a really large (but relatively slow) computer that never turns off. This plus infrastructure like ipfs enables a brand new internet. Completely decentralized and free of the strangle hold of large tech companies. To me, money and profit is less important than freedom. Web 3.…
Run by babies who will manually change the output of the computer when it calculates something they don’t like.
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How you define waste of electricity? You writing that comment might as well be declared a waste and prohibited.
This shitty comment uses a kilojoule max. A single BTC transaction uses 1880 kWh. https://digiconomist.net/bitcoin-energy-consumption
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Do digital payments need replacing? I haven't seen physical cash in almost two years (one exception, a contractor wanted to dodge some tax) and the system just works effortlessly. Tapping a card is easier and faster then counting change. I don't see how paying a $20 gas fee and waiting 15 minutes would improve the situation.
First, physical cash is still the norm in most of the world. Second, higher competition in the payments ecosystem would force providers to reduce their fees. The glaring example is what is happening in San Salvador, where by using Bitcoin they are likekly to save 450 USD millions/year in fees.
More like shift 450mm/year into the pockets of the people running Chivo while creating a media circus to distract from the president's takeover of the judiciary.
Freedom!
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This merely pushes Bitcoin mining to countries that do not have this kind of regulation (and probably have less renewable energy).
Then let’s ban this waste of electricity everywhere. I’m all for the idea of crypto currency, but I’m not in support or baking the planet just so a few people can get some virtual goods.
not a fan of using energy for some peoples private flights of fancy. we should prioritise actual infrastructure with social value.
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How you define waste of electricity? You writing that comment might as well be declared a waste and prohibited.
People decide that democratically. This is just like how California bans all showerheads that gives you more than a trickle of water, since they see good showers as a waste of water (All of USA has a similar ban but less restrictive). Just that in Sweden they ban wasteful businesses rather than "wasteful" quality of life improvements.
What happened to power network neutrality?
Although I'm pretty conservative regarding climate change, it's a real problem that needs adressing so the Swedish government has a legitimate reason to intervene. Maybe we can indeed travel more if we ban crypto. But more importantly I think crypto is the most wasteful, pointless and potentially dangerous development that happened this century and I fully appreciate any government wanting to ban it for literally any…
hypersonic nuclear missiles... nah, it's definitely this open source software for timestamping database changes.