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If all major cloud vendors altered their TOS to forbid mining, only those who can sustain it themselves would mine and we'd be forced to internalize the externa
by Spartan-S63 5y ago
If all major cloud vendors altered their TOS to forbid mining, only those who can sustain it themselves would mine and we'd be forced to internalize the externality that cryptomining is not a sustainable way to produce currency and record transactions.
If anything, a ban such as that would be good at finally putting the nails into the crypto-coffin. Currencies and transactions are really one of the worst blockchain applications that could have been chosen for the first large-scale use of the blockchain.
- pjc50 5y ago> Currencies and transactions are really one of the worst blockchain applications that could have been chosen for the first large-scale use of the blockchain. But that's the only reason it exists? All the other uses so far have flopped. It is a disaster that somebody made a system by which wasted electricity could be turned directly into financial speculation, though - a subsidy for raising the temperature of the earth.