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.
@aral @glynmoody I found This Machine Greens to give quite compelling arguments:
https://www.youtube.com/watch?v=b-7dMVcVWgc
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.
We don't have enough green power to power the world without bitcoin (yet).
And we definitely don't have enough green energy to power the world with bitcoin.
If one uses green energy for mining bitcoins it's just missing at another place. So there's no benefit.
@JuleLe @aral @glynmoody With all due respect, but you don't seem to have read the thread, I detail a bit more here: https://x0f.org/@stevenroose/107447940631733874
But watching the documentary would also help.
@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.