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Would it not be better for you (and the rest of the world) if you instead willingly paid them the equivalent portion of your power bill, without actively wastin
by cronin101 9y ago
Would it not be better for you (and the rest of the world) if you instead willingly paid them the equivalent portion of your power bill, without actively wasting the resources?
I really don't want the world to devolve into a future where armies of ignored pre-teens with ipads are rapidly accelerating global warming, just so that they can watch clickbait videos and share content in $social_network_vNext, on sites sponsored by "monitising PoW".
- prepend 9y agoYes, it definitely would. I just think that it’s easier to mine as it basically does that without having a lot of billing in between. What I think the crypto that sticks will basically be the unit of exchange where people are able to swap cpu, disk, memory without intermediaries. So it’s not speculation, but a real market for unused resources. In the olden days phone numbers (900-SEXX) could charge you through the phone bill. It was convenient but really high transaction fees. If you could do this with electricity without having a big transaction that would be cool. Also environmentally friendly as places with high power costs (coal, oil) could easily switch to lower cost resources (hydro, nuke) with renewables.