9 ms·

Issues of energy and thermodynamics are pretty darn important: https://dothemath.ucsd.edu/2012/04/economist-meets-physicist/ https://dothemath.ucsd.edu/2012/04

• cwkoss 9y ago
  I'm frequently annoyed by people who think the unsustainability of exponential growth is somehow specific to Bitcoin, and not the entire global financial system. Global finance consumes a lot of energy and resources, and encourages businesses to harvest natural resources and find externalities to continue a compounding growth rate. It is mathematically impossible for this to continue unabated on a planet with a fixed amount of resources. Eventually, something will have to give. Hopefully markets will find a graceful solution, but the transition will probably be ugly.
  • wwweston 9y ago
    Well, that's pretty much the point of the article, so I'm glad you agree. Bitcoin, of course, actually introduces additional problems, which is why it sometimes gets particular attention.