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There is fundamentally no way to reduce bitcoin or blockchain energy consumption, it is the very thing which enables decentralized trustless transactions and th
by midjji 6y ago
There is fundamentally no way to reduce bitcoin or blockchain energy consumption, it is the very thing which enables decentralized trustless transactions and the quality required implies a minimum power use. Everything else uses authority in one way or another, and is vulnerable in ways btc is not.
Reducing energy use for environmental reasons is ridiculous, the sun gives plenty of power and we have fissile materials to last for many millennia. The problem isn't power use, its power production, which requires global enforcement of carbon emission laws.
- blindgeek 6y ago"There is fundamentally no way to reduce bitcoin or blockchain energy consumption, it is the very thing which enables decentralized trustless transactions and the quality required implies a minimum power use." Why would I want to engage in trustless transactions in the first place? All desirable social relationships are based on trust and always have been. I think a need for trustless transactions implies that one or more parties is not trustworthy, so why would I want to transact with them?
- mr_woozy 6y agobecause by assuming blind trust (or your ability to discern who is trustworthy to interact with) with mean statistically you will get burned eventually. Better to build systems that assume on untrusted actors as the default start state and not regret it after.