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Increased bitcoin price leads, due to the economic equilibrium on which bitcoin rests, to greater energy usage and greater emissions. Bitcoin already emits as

Increased bitcoin price leads, due to the economic equilibrium on which bitcoin rests, to greater energy usage and greater emissions. Bitcoin already emits as much carbon as the nation of New Zealand. It emits ten times more carbon per year than Tesla, according to their own numbers, have saved over the lifetime of the company. Increasing the bitcoin price by just 10% will eventually lead to an increase in emissions that will wipe out all of Tesla's environmental gains in a year.

hanniabu 6y ago
That's why Ethereum is the future. It's where all innovation is happening anyways.
- whitepaint 6y ago
  It will take time for people to realize because Ethereum is so much more complex that Bitcoin. But it will happen eventually and inevitably imo.
- newsbinator 6y ago
  For some applications, yes. I believe Stellar (XLM) is the future for transferring money across borders.
  - tryptophan 6y ago
    Why would any bigger institution (like a bank) ever use a non-private chain where everyone can see how much they have and how much they sent to do transactions? Blockchain is being taken up by banks, with projects such as r3-corda, but is is a private chain, with no shitty "coin" for morons to speculate on and thus gets no attention.
    - hanniabu 6y ago
      Ethereum will allow for private transaction so institutions can conduct business on it in an opaque manner.
      - tryptophan 6y ago
        I'll believe it when I see it. Right now it seems like nobody cares about privacy in the ethereum space.
        hanniabu 6y ago
        What are you talking about? There's tons of advocation for privacy.
- VMG 6y ago
  the repo looks pretty dead https://github.com/ethereum/go-ethereum/graphs/contributors https://github.com/ethereum/go-ethereum/graphs/contributors
  - hanniabu 6y ago
    That's pretty selective lol. Why not use one of their main repos? It's almost like you have an ulterior motive.
    - VMG 6y ago
      the official ethereum client is not one of their main repo? what is?
narcissismo 6y ago
One could also argue that the power used by the vehicles themselves contributes to increased emissions. I think the only way forward here is to generate electricity as cleanly as possible. That way we won't get bogged down in arguments about amazon's terawatt-hours being more worthwhile than those of facebook or bitcoin.
- imtringued 6y ago
  That's exactly why people advocate for carbon taxes. Instead of guilt tripping people you just add a financial tradeoff for pollution. Businesses don't understand morals but they do understand money and once you give them a profit motive they are willing to eat their polluting competitors for lunch.
- AnIdiotOnTheNet 6y ago
  Or we could also seek to reduce our consumption of energy, thus lowering the overall requirement to produce it by any means, including the dirty ones. But hey, fuck that, there's a chance to get rich here so the planet can suck it.

hanniabu 6y ago

That's why Ethereum is the future. It's where all innovation is happening anyways.

whitepaint 6y ago
It will take time for people to realize because Ethereum is so much more complex that Bitcoin. But it will happen eventually and inevitably imo.
newsbinator 6y ago
For some applications, yes. I believe Stellar (XLM) is the future for transferring money across borders.
- tryptophan 6y ago
  Why would any bigger institution (like a bank) ever use a non-private chain where everyone can see how much they have and how much they sent to do transactions? Blockchain is being taken up by banks, with projects such as r3-corda, but is is a private chain, with no shitty "coin" for morons to speculate on and thus gets no attention.
  - hanniabu 6y ago
    Ethereum will allow for private transaction so institutions can conduct business on it in an opaque manner.
    - tryptophan 6y ago
      I'll believe it when I see it. Right now it seems like nobody cares about privacy in the ethereum space.
      - hanniabu 6y ago
        What are you talking about? There's tons of advocation for privacy.
VMG 6y ago
the repo looks pretty dead https://github.com/ethereum/go-ethereum/graphs/contributors https://github.com/ethereum/go-ethereum/graphs/contributors
- hanniabu 6y ago
  That's pretty selective lol. Why not use one of their main repos? It's almost like you have an ulterior motive.
  - VMG 6y ago
    the official ethereum client is not one of their main repo? what is?

narcissismo 6y ago

One could also argue that the power used by the vehicles themselves contributes to increased emissions. I think the only way forward here is to generate electricity as cleanly as possible. That way we won't get bogged down in arguments about amazon's terawatt-hours being more worthwhile than those of facebook or bitcoin.

imtringued 6y ago
That's exactly why people advocate for carbon taxes. Instead of guilt tripping people you just add a financial tradeoff for pollution. Businesses don't understand morals but they do understand money and once you give them a profit motive they are willing to eat their polluting competitors for lunch.
AnIdiotOnTheNet 6y ago
Or we could also seek to reduce our consumption of energy, thus lowering the overall requirement to produce it by any means, including the dirty ones. But hey, fuck that, there's a chance to get rich here so the planet can suck it.