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> Once again, these are social problems that magic beans won't solve. So because the root cause is a (probably unsolvable) societal problem, we should just for
by shawnz 7y ago
> Once again, these are social problems that magic beans won't solve.
So because the root cause is a (probably unsolvable) societal problem, we should just forget about technical workarounds like Bitcoin?
- arcticbull 7y agoAll societal problems are solvable. Bitcoin is by no means a silver bullet. It requires 600kWh and 95g of e-waste per transaction (and rising). It allows all sorts of transactions we don't want including avoiding sanctions, funding terrorism, wealth accretion by rogue states, extortion scams -- the cost of which far outweighs the transactions we do want but can't have under our current system. It's not the answer to this question, or any other IMO.
- TurkishPoptart 7y agoI hadn't heard about these e-waste and energy statistics, can you provide a source?
- arcticbull 7y ago[1] https://digiconomist.net/bitcoin-energy-consumption https://digiconomist.net/bitcoin-energy-consumption [2] https://digiconomist.net/bitcoin-electronic-waste-monitor https://digiconomist.net/bitcoin-electronic-waste-monitor [3] https://www.cbeci.org/ https://www.cbeci.org/