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OK, so what happens if, say, the worlds energy demands jump 100x in 2-3 years due to out-of-control feedback loops like crypto? Energy prices go up. People suf
by gfodor 6y ago
OK, so what happens if, say, the worlds energy demands jump 100x in 2-3 years due to out-of-control feedback loops like crypto?
Energy prices go up. People suffer. There are two possible responses:
- Regulation/laws to stop the feedback loop
- Investment + deployment of new energy technologies to increase supply
Will be interesting to see which of the two scenarios above happen, or if the fears of this crypto wave leading to insane energy cost increases just don't happen.
- Rinum 6y agoSounds like an investment in the energy sector is worthwhile now. Make money selling the shovels (reference to the gold rush where shovel sellers made more than people looking for gold, i.e. valuable NFT's and cryptos being "gold" here)
- nickysielicki 6y agoThe reality is neither. No feedback loop will be removed, and no new energy will be ready (at scale) in time. China has been building a lot of coal plants, I expect more of that.
- knowaveragejoe 6y agoThe simplest answer is to move people towards the various networks already operating with very little energy consumption in comparison to bitcoin or ethereum. Cardano and Polkadot both operate on a proof-of-stake mechanism rather than mining. It's like HN doesn't realize there's more going on in the space than bitcoin and ethereum.