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How do we determine how much/little energy usage is acceptable though? Is it okay for Google to use about as much energy as Tunisia? Maybe Bitcoin provides more
by hobofan 6y ago
How do we determine how much/little energy usage is acceptable though? Is it okay for Google to use about as much energy as Tunisia? Maybe Bitcoin provides more economical value than Argentina? How much energy has and is being expended during the mining of all the gold that is just being used as store of value?
(Mostly playing devil's advocate here. I would personally be for strong carbon taxes on electricity.)
- Nursie 6y ago> How do we determine how much/little energy usage is acceptable though? Well, a purely electronic financial instrument that pretty much by definition cannot produce anything, and provides little but an arena for speculation, would seem to me to be a bad thing to introduce to a world that's trying to reduce energy use. If you want to get into "well people clearly value it", the evidence being the money they pump in, well then any energy expenditure is justified if it is profitable, and this conversation is pointless. > How much energy has and is being expended during the mining of all the gold This is just whataboutery. Gold can be a problem as well.