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The same argument can't be made for other goods. Bitcoin bakes the energy cost of transaction processing into the security model. Security and ownership transfe
by nonameiguess 5y ago
The same argument can't be made for other goods. Bitcoin bakes the energy cost of transaction processing into the security model. Security and ownership transfer for cars and televisions relies on good old-fashioned physical locks and paper records. That has other inefficiencies, but not much energy cost. The introduction of the internal combustion engine to the world definitely involved some tradeoffs in terms of pollution and mineral extraction, but it was always possible to make cars more efficient without breaking the basis of the ownership record for cars.
- zamadatix 5y agoThe same argument can be made about other systems they just aren't as grossly inefficient as Bitcoin so it isn't (usually) worth mentioning. The energy cost of doing something is always baked in as it's impossible to do anything without using energy, the difference is simply the cost vs output ratio is shit (efficiency) not that Bitcoin has a large chunk of waste energy for a reason (decentralized consensus) nobody values. I don't value it but obviously some do, same as some don't value individual transport over mass transit but I do. It doesn't mean a car is aggravating because it solely exists to waste energy in means a car is ridiculously inefficient. Same story with crytpocurrency.