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No, it is highly inefficient and incentivizes wasteful use of carbon-based fuels and renewables. Bitcoin has been successful creating a sound system for ensuri

No, it is highly inefficient and incentivizes wasteful use of carbon-based fuels and renewables. Bitcoin has been successful creating a sound system for ensuring energy has been wasted during the validation and creation of a block but is it actually decentralized when the computational power needed to mine a block requires wattage that cannot be supplied with decentralized power-sources? This being said it seems somewhat absurd that Tesla invested so much and thereby wiped out a huge percentage of carbon they sought to offset through the use of there vehicles .

Melting_Harps 6y ago
> This being said it seems somewhat absurd that Tesla invested so much and thereby wiped out a huge percentage of carbon they sought to offset through the use of there vehicles . Is it? When BTC hit 58k this month it had brought in more in profit then thier core business did in all of 2020: car sales. If you have any idea at what you're looking at you'll realize Tesla isn't a car company, that it's MVP for it's battery and software tech, and they will likely get into in house financing (where auto manufacturing makes most of it's revenue-profit, as most OEMs typically lose money on car deliveries/sales) because of their investments with Bitcoin and maybe even get involved in mining given their advancement in hardware and chips as they will now have an excess amount of energy with that large battery and solar project, which they maximize their large footprints in all of their gigas and super charger networks, which could make Buffalo and all other Solarcity operations profitable, instead of liability on their balance sheet--the take over was clear nepotism, but could ultimately pay dividends in the end of they play their hand right. You're looking at this all wrong, with an obvious anti-bitcoin bend, but you fail to realize that Tesla will eventually follow Yamaha in its various business models and product line up. I can see them utilizing their resources and immense Human capital to start making miners given their supply chain and ties to Schenzen via Shangahi's gigafactory.
- realitysballs 6y ago
  I am not commenting on the business strategy or battery technology Tesla is creating. However , you can’t deny that despite the fact that Bitcoin mines it’s coins using an estimated 30% renewables , 60% is non -renewables and there is no incentive baked into the system to prevent massive increases of carbon emissions until 2140 when Bitcoin is estimated to be completely mined. All I’m saying is Bitcoin is a fantastic crypto-asset for creating wealth in a quasi-decentralized fashion. So yes, if you are looking to make money it’s a great place to start. But I can’t see anyone refuting the fact that Bitcoin will continually and at an increasing rate route massive quantities of carbon into our atmosphere. And/or waste incredible amounts of renewable energy which could have been used for better purposes. So I believe that it is logically contradictory of Tesla’s ethical branding to make that type of investment when there are plenty of Proof-of-stake based crypto’s out there with 10-100x energy-efficiency rates.
  - Melting_Harps 6y ago
    What are you talking about? And what sources do you have to back up these claims? Here is the latest study we have from 2019 [0] that states its 74% renewable, and Jack Dorsey/Sqaure just put a $10 million bounty to make Bitcoin have an even lower carbon footprint [1], so what are you on about about lacking incentives? > But I can’t see anyone refuting the fact that Bitcoin will continually and at an increasing rate route massive quantities of carbon into our atmosphere. And/or waste incredible amounts of renewable energy which could have been used for better purposes. Given that Bitcoin has spurred on the creation of renewable energy sources this defies even the most basic observations, look at what Peter Theil invested in that brought more wind energy to Texas [2]. You are entirely misguided and I'm afraid your conclusions are based on non-existent and non-reality based arguments with little to no fact checking. I'm an environmentalist, I've spent most of my adult life involved in renewable and sustainable Ag, Farm to Table kitchens, learning gardens for children and the mentally disabled, and volunteered at non-profits helping put solar on the homes of low income families (Grid Alternatives), suffice to say I'm about as green as you can get and my carbon footprint is negative, and will likely remain so for the rest of my life given my involvement/investments in the hemp Industry. You are right that Bitcoin is very energy intensive, by design, but what you fail to understand is that it seeks to create and utilize renewable energy that otherwise would not or could not be used: Iceland is a hot spot for miners due to it cooling capacity as well as its large geo-thermal energy sources, my friend is doing his MSc in reneable and sustainable energy there and is proposing auzilary business models that are not possible due massive surplus of energy. Japan could easily be on track to do this as well, but I fear the Government may never allow this given how absurd they've been since Fukushima and now the Olympics under COVID. China makes use of the rainy season's excess hydro electric energy that would othereise overflow the grid, the US has a lots of mining near hydro, solar and wind energy sources because it is monetarily incentivized to do so in order to achieve profitability of a large budget/outlay. I think Denmark and Chile may be future hotspots as well due to their current excess renewable sources, but I don't discount remote areas of the world with waterfalls or large amounts of cheap land and ideal orientation for massive solar arrays: think Ivanpah in the Mojave desert but 10-1000x in size. > So I believe that it is logically contradictory of Tesla’s ethical branding to make that type of investment when there are plenty of Proof-of-stake based crypto’s out there with 10-100x energy-efficiency rates. > So I believe that it is logically contradictory of Tesla’s ethical branding to make that type of investment when there are plenty of Proof-of-stake based crypto’s out there with 10-100x energy-efficiency rates. None of which could even have the ROI potential that 2 months in BTC has, and that's the point: we are not appealing to their ethical or moral standards, those happen regardless of our community's stance, we are appealing to their software and hardware development to improve our network in a mutually beneficial manner. I've spent the last 3 years in or around Musk corps, I can assure you they have more than enough of Human Capital there to improve this network far beyond even our dreams, and my personal ambition to make BTC the first multi-planteary currency is all but certain now that Elon got involved and put it on Tesla's and soon SpaceX's balance sheet. Add Starlink to this equation and enabling Tesla purchases and his statement that Mars' economy will operate on a cryptocurrency this is all starts to make sense. If you want a more through explanation, I will just say I charged corps $250/hr for my consultation on this matter, and you are no different: but rest assured if these are your concerns you have no basis for your rebuttals. I'd also recommend researching a subject before you make baseless accusations that are easily refuted under basic scrutiny. 0: https://bitcoinmagazine.com/articles/study-74-percent-of-bitcoin-mining-powered-with-renewable-energy https://bitcoinmagazine.com/articles/study-74-percent-of-bit... 1: https://insidebitcoins.com/news/jack-dorseys-square-launches-10m-initiative-to-reduce-bitcoins-carbon-footprint https://insidebitcoins.com/news/jack-dorseys-square-launches... 2: https://marketrealist.com/p/peter-thiel-bitcoin/ https://marketrealist.com/p/peter-thiel-bitcoin/

Melting_Harps 6y ago

> This being said it seems somewhat absurd that Tesla invested so much and thereby wiped out a huge percentage of carbon they sought to offset through the use of there vehicles . Is it? When BTC hit 58k this month it had brought in more in profit then thier core business did in all of 2020: car sales. If you have any idea at what you're looking at you'll realize Tesla isn't a car company, that it's MVP for it's battery and software tech, and they will likely get into in house financing (where auto manufacturing makes most of it's revenue-profit, as most OEMs typically lose money on car deliveries/sales) because of their investments with Bitcoin and maybe even get involved in mining given their advancement in hardware and chips as they will now have an excess amount of energy with that large battery and solar project, which they maximize their large footprints in all of their gigas and super charger networks, which could make Buffalo and all other Solarcity operations profitable, instead of liability on their balance sheet--the take over was clear nepotism, but could ultimately pay dividends in the end of they play their hand right. You're looking at this all wrong, with an obvious anti-bitcoin bend, but you fail to realize that Tesla will eventually follow Yamaha in its various business models and product line up. I can see them utilizing their resources and immense Human capital to start making miners given their supply chain and ties to Schenzen via Shangahi's gigafactory.

realitysballs 6y ago
I am not commenting on the business strategy or battery technology Tesla is creating. However , you can’t deny that despite the fact that Bitcoin mines it’s coins using an estimated 30% renewables , 60% is non -renewables and there is no incentive baked into the system to prevent massive increases of carbon emissions until 2140 when Bitcoin is estimated to be completely mined. All I’m saying is Bitcoin is a fantastic crypto-asset for creating wealth in a quasi-decentralized fashion. So yes, if you are looking to make money it’s a great place to start. But I can’t see anyone refuting the fact that Bitcoin will continually and at an increasing rate route massive quantities of carbon into our atmosphere. And/or waste incredible amounts of renewable energy which could have been used for better purposes. So I believe that it is logically contradictory of Tesla’s ethical branding to make that type of investment when there are plenty of Proof-of-stake based crypto’s out there with 10-100x energy-efficiency rates.
- Melting_Harps 6y ago
  What are you talking about? And what sources do you have to back up these claims? Here is the latest study we have from 2019 [0] that states its 74% renewable, and Jack Dorsey/Sqaure just put a $10 million bounty to make Bitcoin have an even lower carbon footprint [1], so what are you on about about lacking incentives? > But I can’t see anyone refuting the fact that Bitcoin will continually and at an increasing rate route massive quantities of carbon into our atmosphere. And/or waste incredible amounts of renewable energy which could have been used for better purposes. Given that Bitcoin has spurred on the creation of renewable energy sources this defies even the most basic observations, look at what Peter Theil invested in that brought more wind energy to Texas [2]. You are entirely misguided and I'm afraid your conclusions are based on non-existent and non-reality based arguments with little to no fact checking. I'm an environmentalist, I've spent most of my adult life involved in renewable and sustainable Ag, Farm to Table kitchens, learning gardens for children and the mentally disabled, and volunteered at non-profits helping put solar on the homes of low income families (Grid Alternatives), suffice to say I'm about as green as you can get and my carbon footprint is negative, and will likely remain so for the rest of my life given my involvement/investments in the hemp Industry. You are right that Bitcoin is very energy intensive, by design, but what you fail to understand is that it seeks to create and utilize renewable energy that otherwise would not or could not be used: Iceland is a hot spot for miners due to it cooling capacity as well as its large geo-thermal energy sources, my friend is doing his MSc in reneable and sustainable energy there and is proposing auzilary business models that are not possible due massive surplus of energy. Japan could easily be on track to do this as well, but I fear the Government may never allow this given how absurd they've been since Fukushima and now the Olympics under COVID. China makes use of the rainy season's excess hydro electric energy that would othereise overflow the grid, the US has a lots of mining near hydro, solar and wind energy sources because it is monetarily incentivized to do so in order to achieve profitability of a large budget/outlay. I think Denmark and Chile may be future hotspots as well due to their current excess renewable sources, but I don't discount remote areas of the world with waterfalls or large amounts of cheap land and ideal orientation for massive solar arrays: think Ivanpah in the Mojave desert but 10-1000x in size. > So I believe that it is logically contradictory of Tesla’s ethical branding to make that type of investment when there are plenty of Proof-of-stake based crypto’s out there with 10-100x energy-efficiency rates. > So I believe that it is logically contradictory of Tesla’s ethical branding to make that type of investment when there are plenty of Proof-of-stake based crypto’s out there with 10-100x energy-efficiency rates. None of which could even have the ROI potential that 2 months in BTC has, and that's the point: we are not appealing to their ethical or moral standards, those happen regardless of our community's stance, we are appealing to their software and hardware development to improve our network in a mutually beneficial manner. I've spent the last 3 years in or around Musk corps, I can assure you they have more than enough of Human Capital there to improve this network far beyond even our dreams, and my personal ambition to make BTC the first multi-planteary currency is all but certain now that Elon got involved and put it on Tesla's and soon SpaceX's balance sheet. Add Starlink to this equation and enabling Tesla purchases and his statement that Mars' economy will operate on a cryptocurrency this is all starts to make sense. If you want a more through explanation, I will just say I charged corps $250/hr for my consultation on this matter, and you are no different: but rest assured if these are your concerns you have no basis for your rebuttals. I'd also recommend researching a subject before you make baseless accusations that are easily refuted under basic scrutiny. 0: https://bitcoinmagazine.com/articles/study-74-percent-of-bitcoin-mining-powered-with-renewable-energy https://bitcoinmagazine.com/articles/study-74-percent-of-bit... 1: https://insidebitcoins.com/news/jack-dorseys-square-launches-10m-initiative-to-reduce-bitcoins-carbon-footprint https://insidebitcoins.com/news/jack-dorseys-square-launches... 2: https://marketrealist.com/p/peter-thiel-bitcoin/ https://marketrealist.com/p/peter-thiel-bitcoin/