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> that energy ought to be used for more practical pursuits. I don't think you or anyone else should get to decide what amounts to practicality of energy consum
by wyldfire 9y ago
> that energy ought to be used for more practical pursuits.
I don't think you or anyone else should get to decide what amounts to practicality of energy consumption. Lots of people burn hydrocarbons all day long so they can live in the burbs and have their own driveway and nice big walk-in closets and not have to take an elevator or stairs up to their apartment.
> Anyone know of cryptocurrencies which will not blow up our planet's carbon or energy budgets? I've heard of proof-of-stake algorithms, but don't understand that approach very well.
They're not trustless, but they are a very interesting approach to the problem. If they indeed are superior, they might supersede bitcoin and other PoW friends at some point. But it's really hard to move past the fact that bitcoin is already "this hard" for folks to understand. Moving beyond it to new coin designs will be an interesting challenge.
Proof-of-stake is discussed in the peercoin whitepaper [1] in plain, understandable language. Best to start there IMO.
[1] https://peercoin.net/assets/paper/peercoin-paper.pdf https://peercoin.net/assets/paper/peercoin-paper.pdf
- torpfactory 9y agoWe should be actively trying to discourage pointless energy and resource consumption, including people living in the burbs and having huge homes. I’d agree with the idea we shouldn’t be making decisions about how people spend energy if and only if we could price in all externalities related to energy production adequately. This task, I believe, is more or less impossible.
- deleted 9y ago[deleted]
- jimmies 9y agoI like how some people support net neutrality for the same reason - I can use my bandwidth for whatever purpose I want. Then how about paying/using my energy for whatever I want? Compared to people who would drive 1 hour per day to work, mining bitcoin isn't remotely comparable. You're just more comfortable with one thing, not the other.