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Just 137 crypto miners use 2.3% of total U.S. power

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Re: Just 137 crypto miners use 2.3% of total U.S. power

#11
Keep going back to:

>> Explain Bitcoin as completely as possible in a single tweet.

> It's like if idling your car 24/7 occasionally produced solved Sudoku puzzles that you could then exchange for heroin.

* https://twitter.com/VessOnSecurity/status/113524359527398604...

Edit: per /u/tgamblin (of Spack fame), this was originally from @Theophite.

Re: Just 137 crypto miners use 2.3% of total U.S. power

#13
post #2

And how much energy does maintaining the military that backs US currency use? Much more and it's violent. The use of energy to protect bitcoin from attack from nation states is non-violent. It really is an efficient and ethical use of the energy.

While yes, the military uses a ton of energy and shouldn't exist at its size, that doesn't mean the crypto internet casino is a good use of energy.

I'm curious about the statistics of crypto use to buy goods and services vs the crypto use for investment, gambling, scams, rugpulls, etc.

I wonder how much energy was used for NFTs which are neither efficient or ethical.

Re: Just 137 crypto miners use 2.3% of total U.S. power

#19
post #2

And how much energy does maintaining the military that backs US currency use? Much more and it's violent. The use of energy to protect bitcoin from attack from nation states is non-violent. It really is an efficient and ethical use of the energy.

I wish US military could additionally use that 2.3% power.

Re: Just 137 crypto miners use 2.3% of total U.S. power

#20
post #2

And how much energy does maintaining the military that backs US currency use? Much more and it's violent. The use of energy to protect bitcoin from attack from nation states is non-violent. It really is an efficient and ethical use of the energy.

> The use of energy to protect bitcoin from attack from nation states is non-violent. It really is an efficient and ethical use of the energy.

Can Bitcoin be used to stop people from attacking ships going through the Suez Canal?

* https://en.wikipedia.org/wiki/Red_Sea_crisis

Can Bitcoin be used to discourage people from grabbing marine territory from other countries?

* https://en.wikipedia.org/wiki/Nine-dash_line

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