6 ms·

>Just like if there is food shortage That analogy doesn't work. We don't usually build literal useless pyramids out of food on an industrial scale.

capableweb 5y ago
I think you missed my point a bit. I'm saying that it's a bit strange and out-of-place to blame the demand side of things here, instead of blaming the supply. What the thing is used for is irrelevant in the end. Most food goes to "waste" as well, but you don't see people making much uproar over that.
- nullifidian 5y ago
  >What the thing is used for is irrelevant in the end. That's some weird axioms you have in your reasoning. It's not irrelevant. Crypto waste literally makes technological progress more expensive -- it probably already affects drug development, and decades later someone will probably publish a study on how the crypto craze delayed crucial cancer drug development programs by years. And blaming supply is much harder, considering supply is relatively inelastic, chip fabs take years and billions of dollars of planning and construction, and they can't wholeheartedly rely on the fickle crypto demand, on the decisions of crypto stakeholders to go or not to go "proof of stake" and the like. And that's when crypto demand shouldn't even exist in an ideal world to begin with. The whole crypto ideology of "deflationary money free from institutions and government regulations" is just wrong, not something we should want, and would end up regulated anyway. (We should want better regulated better institutions) Not to mention that this ideology is mostly mentioned to justify the unbridled speculation and ponzi-like nature of the current crypto -- nobody really cares about it, it's a "get rich quick, fuck everything and everyone" scheme for most of the crypto users. >Most food goes to "waste" as well, As a side effect of purposeful consumption. It's below 50% by most estimates, and considered a problem. We all need to eat to survive, need to eat well to feel good. While the computer hardware demand and waste from "get rich quick" technologies is entirely inessential, and arguably harmful.
  - capableweb 5y ago
    > The whole crypto ideology of "deflationary money free from institutions and government regulations" is just wrong, not something we should want Yeah, I figured you were of this opinion, and then this whole discussion breaks down. You're not arguing in good faith here, so this discussion is just wasting both of our time. Sometime in the future you'll realize that different people want different things, and you'll help yourself by at least trying to understand the other side sometimes.
    - nullifidian 5y ago
      I can refute shifting the blame to suppliers, or say that it's relevant how usefully resources are utilized only if I agree or am neutral towards the crypto ideology? Ok, man.

capableweb 5y ago

I think you missed my point a bit. I'm saying that it's a bit strange and out-of-place to blame the demand side of things here, instead of blaming the supply. What the thing is used for is irrelevant in the end. Most food goes to "waste" as well, but you don't see people making much uproar over that.

nullifidian 5y ago
>What the thing is used for is irrelevant in the end. That's some weird axioms you have in your reasoning. It's not irrelevant. Crypto waste literally makes technological progress more expensive -- it probably already affects drug development, and decades later someone will probably publish a study on how the crypto craze delayed crucial cancer drug development programs by years. And blaming supply is much harder, considering supply is relatively inelastic, chip fabs take years and billions of dollars of planning and construction, and they can't wholeheartedly rely on the fickle crypto demand, on the decisions of crypto stakeholders to go or not to go "proof of stake" and the like. And that's when crypto demand shouldn't even exist in an ideal world to begin with. The whole crypto ideology of "deflationary money free from institutions and government regulations" is just wrong, not something we should want, and would end up regulated anyway. (We should want better regulated better institutions) Not to mention that this ideology is mostly mentioned to justify the unbridled speculation and ponzi-like nature of the current crypto -- nobody really cares about it, it's a "get rich quick, fuck everything and everyone" scheme for most of the crypto users. >Most food goes to "waste" as well, As a side effect of purposeful consumption. It's below 50% by most estimates, and considered a problem. We all need to eat to survive, need to eat well to feel good. While the computer hardware demand and waste from "get rich quick" technologies is entirely inessential, and arguably harmful.
- capableweb 5y ago
  > The whole crypto ideology of "deflationary money free from institutions and government regulations" is just wrong, not something we should want Yeah, I figured you were of this opinion, and then this whole discussion breaks down. You're not arguing in good faith here, so this discussion is just wasting both of our time. Sometime in the future you'll realize that different people want different things, and you'll help yourself by at least trying to understand the other side sometimes.
  - nullifidian 5y ago
    I can refute shifting the blame to suppliers, or say that it's relevant how usefully resources are utilized only if I agree or am neutral towards the crypto ideology? Ok, man.