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The key part of my reply is: If/once the environmental cost is priced in, all will be fine. There are many ways to waste electricity. Bitcoin is a big one, but

The key part of my reply is: If/once the environmental cost is priced in, all will be fine. There are many ways to waste electricity. Bitcoin is a big one, but so is electric heating of uninsulated houses (still very common in the US): https://www.eia.gov/todayinenergy/detail.php?id=39293 https://www.eia.gov/todayinenergy/detail.php?id=39293 => All this will be solved by pricing in the environmental cost.

deleted 5y ago
[deleted]
zepto 5y ago
> There are many ways to waste electricity. Bitcoin is a big one, but so is electric heating of uninsulated houses This is like seeing someone else light a cigarette on a plane, and deciding it’s harmless for you to smoke because someone else is already smoking. (Edit: changed metaphor to match original)
- disruptalot 5y ago
  And the exact same proposition for any use of energy. That you don't find it useful does not mean it is not. Mind your own uses of energy and leave the market to decide what is really valuable.
  - zepto 5y ago
    > And the exact same proposition for any use of energy. Obviously not. Different sources of energy have different externalities, and different uses have different impacts. > Mind your own uses of energy and leave the market to decide what is really valuable. The market is made up of people, who make decisions by communicating with one another. Tellinge people not to discuss what is valuable and what the externalities is a sign you don’t have faith in the market.
    - disruptalot 5y ago
      The only reason I mention that you should mind your own energy uses is that you seem concerned about externalities and distraught bitcoin is doing the opposite of your thesis. Discuss away but it's not working. Your best bet is to regulate what you have influence on, your own uses of energy.
      - zepto 5y ago
        > is that you seem concerned about externalities and distraught bitcoin is doing the opposite of your thesis. Why have you read emotions into this? > Discuss away but it's not working. What goal do you imagine it isn’t working at?

deleted 5y ago

[deleted]

zepto 5y ago

> There are many ways to waste electricity. Bitcoin is a big one, but so is electric heating of uninsulated houses This is like seeing someone else light a cigarette on a plane, and deciding it’s harmless for you to smoke because someone else is already smoking. (Edit: changed metaphor to match original)

disruptalot 5y ago
And the exact same proposition for any use of energy. That you don't find it useful does not mean it is not. Mind your own uses of energy and leave the market to decide what is really valuable.
- zepto 5y ago
  > And the exact same proposition for any use of energy. Obviously not. Different sources of energy have different externalities, and different uses have different impacts. > Mind your own uses of energy and leave the market to decide what is really valuable. The market is made up of people, who make decisions by communicating with one another. Tellinge people not to discuss what is valuable and what the externalities is a sign you don’t have faith in the market.
  - disruptalot 5y ago
    The only reason I mention that you should mind your own energy uses is that you seem concerned about externalities and distraught bitcoin is doing the opposite of your thesis. Discuss away but it's not working. Your best bet is to regulate what you have influence on, your own uses of energy.
    - zepto 5y ago
      > is that you seem concerned about externalities and distraught bitcoin is doing the opposite of your thesis. Why have you read emotions into this? > Discuss away but it's not working. What goal do you imagine it isn’t working at?