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If we take it a few steps out, it sounds like wasting energy can save the world. The more energy we waste the more energy we need, the more profitable cheap en
by georgyo 6y ago
If we take it a few steps out, it sounds like wasting energy can save the world.
The more energy we waste the more energy we need, the more profitable cheap energy sources are!
Of course the more profitable wasting energy becomes, the more coal and oil will be burned to make money as well.
- coralreef 6y agoOne problem with "waste of energy" argument is that it assumes Bitcoin the network provides no value. People compare it to centralized, closed systems and say, "See how inefficient that is?". But what they're not calculating is the cost and suffering caused by maintaining the underlying system (fiat currency, petrodollars, geopolitics). Calculate for me the economic and human damage done if the US falls into hyperinflation and obliterates the world's reserve currency. It won't just be 350m people suffering, it will be billions. Decentralized, permissionless, censorship resistant systems suddenly seem very valuable to me.