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This is a false dichotomy. They can subsidize the startup costs for harvesting geothermal energy from Bitcoin mining and then use the geothermal infrastructure
by deweller 5y ago
This is a false dichotomy.
They can subsidize the startup costs for harvesting geothermal energy from Bitcoin mining and then use the geothermal infrastructure to produce electricity for the country.
- lucb1e 5y agoThat sounds great. Let's hope that actually happens and hope that the geothermal equipment lasts longer than Bitcoin demand lasts. Perhaps, though, if that is actually the plan, they could say as much?
- emodendroket 5y agoIt's not a false dichotomy. The infrastructure does not exist and they can't do both things at once
- deweller 5y agoA false dichotomy is when one argues that only option A or option B are available when in fact options C, D, and E also exist. https://en.wikipedia.org/wiki/False_dilemma https://en.wikipedia.org/wiki/False_dilemma
- emodendroket 5y agoI know what a false dichotomy is. I'm rejecting the claim that we're dealing with one.
- narrator 5y agoThey can put the Bitcoin mine out in the middle of nowhere next to the volcano. Building a transmission and distribution infrastructure to the rest of the country can be funded by the Bitcoin mine.
- bthazos 5y agoThey tried this in Italy 2000+ years ago. A wealthy city will spawn from the mine, but since bitcoin doesn't appease the gods like physical gold does, the city will be buried in ash.
- ipaddr 5y agoThe parent said with profits they can fund plus some work will need to be made to mine bitcoin possible and those road/building can be repurposed.
- vidarh 5y agoHow does the infrastructure not exist given geothermal currently provides a quarter of their electricity?