3 ms·

Among other things, stop using cryptocurrencies.

• dane-pgp 8y ago
  Should we also stop using cars given that walking exists, or stop using computers when we could use a pencil and paper? Is there an amount of energy that the traditional banking system could use beyond which you would recommend people stop using banks? You may not think that cryptocurrencies provide any benefit to the world (and I admit that I don't own any either), but their energy usage should be evaluated like any other technology or asset: Does the energy they require cost more than the amount of value they create in the market? If it did, then no one would mine cryptocurrencies. The market value for cryptocurrencies may seem irrational to you, but there are probably lots of things that people value that seems irrational or unnecessary to outside observers. I personally think that a global, low-cost, uncensored means of transacting between strangers is revolutionary, and I look forward to future innovations that will make it more energy efficient (for the same level of usefulness and security).