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> Nobody has ever been able to explain how Bitcoin saves the world from climate catastrophe by using 0.3% of all electricity. Why would you think that Bitcoin
by vntok 6y ago
> Nobody has ever been able to explain how Bitcoin saves the world from climate catastrophe by using 0.3% of all electricity.
Why would you think that Bitcoin needs to accomplish that particular task? As far as I know ending climate change has never been mentioned as a goal or desirable outcome of the project.
- deleted 6y ago[deleted]
- ttul 6y agoThe maintainers of Bitcoin could make changes to the mining protocol that reduce its reliance on energy. By choosing to not do so, they are directly contributing - in a substantial way - to civilization-ending climate catastrophe. I do think that Bitcoin's maintainers have an obligation to do their part, considering that they are very materially a part of the problem. Ethereum is at least working hard on other algorithms that are energy efficient. But in the Bitcoin space, the tremendous investment in energy-intensive mining equipment means that the entrenched players have an interest in persisting the way that things currently work, rather than seeking an energy conserving replacement.