Bloody hell, the #bitcoin crowd have discovered my latest privacy post. So listen up: a billion identical copies of a database isn’t decentralisation. It isn’t a prerequisite for privacy. And if it destroys our habitat, it’s a crime against humanity. You can show yourselves out.
Mostly, no one knows what #Bitcoin 's footprint is. There's no way to determine that from energy usage. Electrical energy comes in a range of footprints, even negative ones. If we can get mining to go where footprints are lowest, perhaps even stimulate development of new sources like that, it's impact could be positive.
Also, getting rid of the petrodollar should happen yesterday.
Another better use of surplus green energy is producing green hydrogen. That's something that we really need (in contrast to crypto).
And a problem for both hydrogen production and crypto mining is that the hardware is expensive.
It's hard/impossible to make the plant cost-efficient when it's only producing while green energy is excessive.
@clacke @aral @glynmoody @JuleLe Again, you don't seem to have watched the documentary.
Since always, money has required energy to create, for good reasons. Because if it doesn't, it's not money. The "money" we use today isn't real money and the only reason we use it is because governments force us to with violence.
Think about people digging gold that could do other work or crafting shell necklaces or searching for glass beads. Their energy isn't wasted, it's necessary to have a working money.
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