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You know we have a limited amount of green energy production right now, right? It's not exactly green if your bitcoin mining is using wind energy, while a bunch

You know we have a limited amount of green energy production right now, right? It's not exactly green if your bitcoin mining is using wind energy, while a bunch of other stuff is stuck with coal.

jhoechtl 6y ago
But it will race to cheaper energy which means using sun and wind. And the enormous surplus generated is for the bono of all of those who don't mine.
chmod600 6y ago
The theory is that it provides demand for green energy, which will drive investment, technology, and expertise that can be used everywhere.
- SideburnsOfDoom 6y ago
  We know that is "the theory" We also know that this theory is really, really stupid: The kind of self-justifying idiocy that people don't come up with unless they're already deeply committed to a point of view come what may, logic and fact need not apply.
- snicky 6y ago
  So more demand for energy means more green energy? I don't quite get the logic.
  - SideburnsOfDoom 6y ago
    It's not actual logic, it's more of a rationalisation of the indefensible.
  - mindcandy 6y ago
    Supply follows demand is basic economics. Buy up green energy and the suppliers will use your money to build more supply in order to expand their operations to fit the larger market.
- user-the-name 6y ago
  Are you really going to claim that there isn't a demand for green energy already?
  - chmod600 6y ago
    No, I didn't make any claim really. I was going to add a disclaimer to my post along the lines of "not saying I believe or disbelieve this theory", but I was tired of adding disclaimers to all my posts.
    - SideburnsOfDoom 6y ago
      Are you not able to take a position on this asinine theory?
      - mindcandy 6y ago
        I'll take a position on this: > Are you really going to claim that there isn't a demand for green energy already? Is a disingenuous argument. Of course there is already demand for green energy. Meanwhile, Bitcoin increases the demand so much that people are apparently outraged by the increase.
        SideburnsOfDoom 6y ago
        > Of course there is already demand for green energy. Meanwhile, Bitcoin increases the demand so much that people are apparently outraged by the increase Assuming that you think you're serious: Increasing the demand for energy (and it's not "demand for green energy" it's demand for energy, period) is not, has not been and never will be a green strategy in itself. This is easy to understand, unless you choose not to. https://davidgerard.co.uk/blockchain/2020/06/03/guest-post-the-last-last-word-on-bitcoins-horrifying-energy-consumption/ https://davidgerard.co.uk/blockchain/2020/06/03/guest-post-t...
        mindcandy 6y ago
chmod600 6y ago
"You know we have a limited amount of green energy production right now, right?" It makes no sense to talk about something being limited "right now". Limits are about the future. Can you please rephrase and clarify?

You know we have a limited amount of green energy production right now, right? It's not exactly green if your bitcoin mining is using wind energy, while a bunch of other stuff is stuck with coal.

jhoechtl 6y ago

But it will race to cheaper energy which means using sun and wind. And the enormous surplus generated is for the bono of all of those who don't mine.

chmod600 6y ago

The theory is that it provides demand for green energy, which will drive investment, technology, and expertise that can be used everywhere.

SideburnsOfDoom 6y ago
We know that is "the theory" We also know that this theory is really, really stupid: The kind of self-justifying idiocy that people don't come up with unless they're already deeply committed to a point of view come what may, logic and fact need not apply.
snicky 6y ago
So more demand for energy means more green energy? I don't quite get the logic.
- SideburnsOfDoom 6y ago
  It's not actual logic, it's more of a rationalisation of the indefensible.
- mindcandy 6y ago
  Supply follows demand is basic economics. Buy up green energy and the suppliers will use your money to build more supply in order to expand their operations to fit the larger market.
user-the-name 6y ago
Are you really going to claim that there isn't a demand for green energy already?
- chmod600 6y ago
  No, I didn't make any claim really. I was going to add a disclaimer to my post along the lines of "not saying I believe or disbelieve this theory", but I was tired of adding disclaimers to all my posts.
  - SideburnsOfDoom 6y ago
    Are you not able to take a position on this asinine theory?
    - mindcandy 6y ago
      I'll take a position on this: > Are you really going to claim that there isn't a demand for green energy already? Is a disingenuous argument. Of course there is already demand for green energy. Meanwhile, Bitcoin increases the demand so much that people are apparently outraged by the increase.
      - SideburnsOfDoom 6y ago
        > Of course there is already demand for green energy. Meanwhile, Bitcoin increases the demand so much that people are apparently outraged by the increase Assuming that you think you're serious: Increasing the demand for energy (and it's not "demand for green energy" it's demand for energy, period) is not, has not been and never will be a green strategy in itself. This is easy to understand, unless you choose not to. https://davidgerard.co.uk/blockchain/2020/06/03/guest-post-the-last-last-word-on-bitcoins-horrifying-energy-consumption/ https://davidgerard.co.uk/blockchain/2020/06/03/guest-post-t...
        mindcandy 6y ago

chmod600 6y ago

"You know we have a limited amount of green energy production right now, right?" It makes no sense to talk about something being limited "right now". Limits are about the future. Can you please rephrase and clarify?