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I'm by no means an expert in crypto, but maybe that makes me semi qualified to say why at least they feel different to an outsider - replacing gasoline with ele
by blandflakes 5y ago
I'm by no means an expert in crypto, but maybe that makes me semi qualified to say why at least they feel different to an outsider - replacing gasoline with electric seems at least like a potential win in terms of cost analysis. I can (theoretically) power my car with renewables? Awesome, and it makes sense that moving a vehicle would require some form of energy. It is nowhere near as obvious that the power output of Argentina should be required for a currency, as evidenced by various other proof algorithms. Is Bitcoin so useful to humanity that the tradeoff of burning forests is worth it, when there are alternatives?
Further, because Bitcoin is a currency, mining wants to be profitable, so mining is not incentivized to pursue renewables if they are more expensive than e.g. coal. However, when powering my electric car, if I have the privilege, I don't defeat the purpose by paying my electric company more for wind power.
Edit: I'm slow, everybody else said it better.