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It makes very much sense to criticize Bitcoin for its energy usage, I really don't understand your angle, and how that would asinine. "Mining" Bitcoin is litera
by vesinisa 6y ago
It makes very much sense to criticize Bitcoin for its energy usage, I really don't understand your angle, and how that would asinine. "Mining" Bitcoin is literally competing to waste energy. Even if you want to ignore the fossil fuel angle, as a civilization energy for us is still of pivotal importance - to like build stuff, live and do amazing stuff like explore another planets.
If the price of Bitcoin continues to climb, at which point does it become not sensible to spend more energy mining it? When every inch of our planet has been filled with a nuclear plant or a solar panel? Because rising price will perpetually mean mining more will break a profit. If you can make a profit from wasting energy, markets will reward you for that indefinitely and the entire society will reconfigure around Bitcoin mining.
No, that makes no sense. I don't think anybody wants to regulate how private homes or businesses use their electricity, but I just find the fundamental proposal of Bitcoin as untenable. Criticizing it does not have ulterior motive apart from trying to make people see how silly it appears to me personally.