Earlier quoted context omitted.
Baloney. Any government form I've filled out gives that vibe, sure. And then when you're wrong, you don't get a fucking prison sentence, you get a phone call where someone explains why they think you're wrong and asks you to take a stab at it. Also, every form from the Government I've ever filled out that is binding in terms of accuracy goes out of it's way, where you sign (which this one, to my looking, I don't even…
The IRS used to be absolutely brutal in their enforcement efforts. Umm, full stop.
US judge halts government effort to monitor crypto mining energy use
61–70 of 92 posts
Re: US judge halts government effort to monitor crypto mining energy use
#62Earlier quoted context omitted.
The stability and security of energy generation in the US is in fact the DOE's business.
If I opened a laundromat I doubt I’d need to fill out something for the DOE. I think this is nothing more than another agency using the DOE for a conduit to get that information for them.
Re: US judge halts government effort to monitor crypto mining energy use
#63Earlier quoted context omitted.
Baloney. Any government form I've filled out gives that vibe, sure. And then when you're wrong, you don't get a fucking prison sentence, you get a phone call where someone explains why they think you're wrong and asks you to take a stab at it. Also, every form from the Government I've ever filled out that is binding in terms of accuracy goes out of it's way, where you sign (which this one, to my looking, I don't even…
The IRS used to be absolutely brutal in their enforcement efforts. Umm, full stop.
Re: US judge halts government effort to monitor crypto mining energy use
#64Earlier quoted context omitted.
Baloney. Any government form I've filled out gives that vibe, sure. And then when you're wrong, you don't get a fucking prison sentence, you get a phone call where someone explains why they think you're wrong and asks you to take a stab at it. Also, every form from the Government I've ever filled out that is binding in terms of accuracy goes out of it's way, where you sign (which this one, to my looking, I don't even…
The IRS used to be absolutely brutal in their enforcement efforts. Umm, full stop.
With divorce, mental health issues, I didn't file taxes for four years. When I contacted them to figure out things (including having to get W-2s pulled, etc., etc.) they were the most polite, cordial, willing to work out all the details, etc., and I expect a notable chunk of that is due to trying to solve the situation rather than being adversarial.
Re: US judge halts government effort to monitor crypto mining energy use
#65Earlier quoted context omitted.
I think it's a perfectly reasonable thing to begin considering. It's clear that the markets by themselves are not capable of addressing various concerns about our planet's limited resources. If we want our society to remain viable long term, we need to start being smart with how much of any given commodity is committed to how much of any given effort. A new one, to be sure, and worth scrutinizing as we begin. But the…
We have limitless power on Earth from fusion (solar via the Sun) and from fission via Uranium/Thorium.
Re: US judge halts government effort to monitor crypto mining energy use
#66Earlier quoted context omitted.
We have limitless power on Earth from fusion (solar via the Sun) and from fission via Uranium/Thorium.
Which is fine if we mandate crypto may only consume renewables or low carbon energy for this work. We do not, so this is immaterial.
Re: US judge halts government effort to monitor crypto mining energy use
#67Earlier quoted context omitted.
I think the market has shown that growth is the solution rather than rationing. Lots of the humanitarian improvements of the 20th century (such as number of people starving) are improved due to market forces innovating on doing more with less. The same will no doubt happen to energy. Consumption is the catalyst.
Market forces? It was the Haber process and subsequent innovations around nitrogen-fixing. It was scientific progress that saved us from Malthusian collapse. On the other hand, market forces do explain why 40% of the American food supply is wasted [0] while 12% of American households suffer food insecurity [1]. [0] https://www.rts.com/resources/guides/food-waste-america/ [1] https://www.ers.usda.gov/topics/food-nutri…
Re: US judge halts government effort to monitor crypto mining energy use
#68Earlier quoted context omitted.
I think it's a perfectly reasonable thing to begin considering. It's clear that the markets by themselves are not capable of addressing various concerns about our planet's limited resources. If we want our society to remain viable long term, we need to start being smart with how much of any given commodity is committed to how much of any given effort. A new one, to be sure, and worth scrutinizing as we begin. But the…
I think the market has shown that growth is the solution rather than rationing. Lots of the humanitarian improvements of the 20th century (such as number of people starving) are improved due to market forces innovating on doing more with less. The same will no doubt happen to energy. Consumption is the catalyst.
This is a good point. The conversion of atmospheric nitrogen to ammonia is a capitalist reaction that would not occur under Regulations. Few people these days acknowledge all of the grain fields planted by Adam Smith in the early 1900s
Re: US judge halts government effort to monitor crypto mining energy use
#69Earlier quoted context omitted.
Bugger off. Bitcoin is coming no matter what you think and eventually it will smack some responsibility into the irresponsible governments that are actually the biggest polluters and encouraging waste and consumption though endless fiat money printing and civilization scale money laundering.
Lovely language. Bitcoin isn’t “coming,” it’s here and it’s a nightmare. People lose money down this drain every day and there’s next to no way to get it back. A serious transnational criminal problem that must be addressed and if the government wants to keep tabs on who profits from this, that’s be great.
Bitcoin is already outperforming the sluggish efforts of the IMF and World Bank, breathing life into renewable energy projects in the most forgotten corners of the world. This is revolutionizing local economies and lifting standards of living, far from your narrow, outdated critiques.
Now, let’s dissect the energy “problem.” Yes Bitcoin will eventually devour 1-2% of the planet’s energy, but calling it a problem is missing the point. This consumption is a beacon, signaling the dire need for more energy production. Bitcoin isn’t just sitting there; it’s actively pushing for energy innovation and sustainability, something your limited perspective fails to grasp.
And who made you the arbiter of good versus bad energy use? Do cloud services, AI, gaming, and your mundane household activities get a free pass? The real issue is your lack of vision, stuck in a defeatist echo chamber. Bitcoin is addressing the massive demand for a currency that’s private, uncensored, and deflationary. You might not like it, but it’s because you’re too caught up playing traffic cop, basking in telling others what to do.
You also overlook the ingenious utilization of Bitcoin’s ‘waste’ heat, a byproduct turned asset. This isn’t merely about keeping some servers running; it’s about a visionary leap towards using every joule of energy to its fullest. Bitcoin mining operations are pioneering the capture and repurposing of waste heat for practical, everyday uses - from water heaters in homes to boosting agricultural yields. Imagine a world where the excess heat from securing a decentralized financial network warms homes, powers greenhouses, and promotes sustainability. This isn’t a hypothetical future; it’s happening now. And as for the global energy supply, your argument falls short by ignoring the pressing necessity for a dramatic increase in energy production. To genuinely elevate the living standards of every human being on this planet out of poverty, we require energy solutions that are orders of magnitude greater than what’s currently available. Bitcoin’s energy consumption, far from being a wasteful curse, is a catalyst for this much-needed energy revolution, driving innovation and investment in renewable sources at a scale previously unimaginable.
As for the financial drain, let’s get real. Over any 5-year span, Bitcoin has been a golden ticket compared to the sinking ship of fiat currency, plagued by inflation and collapse. Bitcoin is on track to eclipse Silver and even challenge Gold as a store of value. And all the supposed “problems”? Solved. Layer 2 solutions, altcoins, and stablecoins are gearing up to handle global transaction volumes, with Bitcoin as the unshakeable foundation.
Your darling governments and their policies? More often than not, they’re the real hurdles to progress, wielding violence and spreading misery under the guise of collectivist and socialist dreams. And let’s not even start on the education system, brainwashing generations with fairytales instead of truth.
Money laundering? Look in the mirror. The biggest laundromats are your central banks and government policies, sanctifying grand-scale financial crimes under the guise of legality. Bitcoin is the least of your worries if you’re genuinely concerned about corruption and illicit finance.
You’re right, Bitcoin isn’t just coming; it’s already here, tearing down the facades of the leeches, parasites, and warmongers. With leaders who get it inching closer to power, we’re on the brink of a financial renaissance. Picture it: a Swiss bank account in every pocket, the ultimate nightmare for the likes of Obama and his collectivist cronies. And guess what? There’s nothing you can do to stop it.
Re: US judge halts government effort to monitor crypto mining energy use
#70Earlier quoted context omitted.
Fair enough, but why isn’t every business/industry subject to this? Maybe all data centers, farmers, etc should have to provide detailed reporting on the energy they use.
Farmers should be subject to monitoring on disproportionate use of vital resources. Such as alfalfa farms that are a backdoor to export US groundwater to China.