Or you could just close the money faucet at the central bank and let the government invest that money into renewable infrastructure instead. You can even claim that this will create more jobs and thus helps with unemployment.
Green hackers around the world, let’s destroy Bitcoin
21–30 of 266 posts
Re: Green hackers around the world, let’s destroy Bitcoin
#22Putting to one side if the attack would work, or have perverse outcomes, I do have concerns about the ludicrous amount of dirty energy used to mine coins.
Proof of stake would terminate that problem?
Re: Green hackers around the world, let’s destroy Bitcoin
#23Better promote 'non-shit' shitcoins then instead? Because this 'plan' won't really work/do much.
I'm out of the loop on blockchain currencies.
What would be a good 'non-shit' shitcoin?
Re: Green hackers around the world, let’s destroy Bitcoin
#24How did this waste of time article even get popular on HN? I just want to assume that it's got popular so that it can be ditched.
Re: Green hackers around the world, let’s destroy Bitcoin
#25The author misses the point. The root of the problem is that electricity is not carbon free. What the electricity is used for is irrelevant. What the author suggests would be similar to saying, "let's stop climate change by minimizing our driving instead of transitioning to electric transport."
Re: Green hackers around the world, let’s destroy Bitcoin
#26As a Bitcoin proponent who is also concerned about it's long term sustainability, this post is an embarrassing read. The author clearly has a very poor understanding of what value Bitcoin currently has in our current macro-economic situation, and why investors (and corporations) are choosing to allocate larger parts of their portfolios in cryptocurrencies. Calling out the BTC network on its energetic inefficiency com…
> the work put into the network is exactly the scarce asset that is being invested in.
No! No it isn't! Gah! I'm sorry but it is so frustrating to hear this nonsense repeated over and over. Bitcoin is not valuable just because you wasted shedloads of energy to make a bitcoin! It's valuable because somebody else will exchange something of value for it.
It's incredibly maddening how so many crypto-libertarians suddenly turn into believers in some Marxist "labor theory of value"[0] when you press them on bitcoin's incredibly wasteful Red Queen's race[1] of ever-escalating wasted energy.
Re: Green hackers around the world, let’s destroy Bitcoin
#27No joke, I want to apeal to the Greta Thunberg type activists/followers and Extinction Rebellion crowds; so, if Franck Leroy wants to have a chat (your misguided attack is absurd and BTC just hit another ATH in the time you wrote that) I extend a friendly open-invitation to discuss how as an environmentalist myself with a background in sustainable Ag, farmers rights, farm to table, and anti nuclear activism we can get to the bottom of this.
You have a clear misunderstanding of this matter and I see it as an opportunity to get other activists involved.
> This is so stingingly dumb it reads like satire
Perhaps, but its also an opportunity to settle this matter once and for all and get the aforementioned crowds into BTC.
In typical HN logic: downvoting doesn't disprove his absurd thesis, only coherent discourse does, but go ahead and downvote it because you don't want to hear your views challenged.
Re: Green hackers around the world, let’s destroy Bitcoin
#28Don’t destroy Bitcoin. Invent a more efficient alternative for people to switch to.
Re: Green hackers around the world, let’s destroy Bitcoin
#29The author misses the point. The root of the problem is that electricity is not carbon free. What the electricity is used for is irrelevant. What the author suggests would be similar to saying, "let's stop climate change by minimizing our driving instead of transitioning to electric transport."
No, even if the electricity were carbon-free there would still be an opportunity cost in wasting ever-increasing amounts of it doing bitcoin mining instead of, say, aluminium smelting, or powering electric trains, or any other useful thing.
Also just for the record, minimizing driving is a good way to combat climate change.
Re: Green hackers around the world, let’s destroy Bitcoin
#30As a Bitcoin proponent who is also concerned about it's long term sustainability, this post is an embarrassing read. The author clearly has a very poor understanding of what value Bitcoin currently has in our current macro-economic situation, and why investors (and corporations) are choosing to allocate larger parts of their portfolios in cryptocurrencies. Calling out the BTC network on its energetic inefficiency com…
> the work put into the network is exactly the scarce asset that is being invested in. No! No it isn't! Gah! I'm sorry but it is so frustrating to hear this nonsense repeated over and over. Bitcoin is not valuable just because you wasted shedloads of energy to make a bitcoin! It's valuable because somebody else will exchange something of value for it. It's incredibly maddening how so many crypto-libertarians suddenly…
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