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Using renewables to do something that doesn't need to be done is not a win. I divested from all PoW coins except ETH in expectation that PoS will be completed
by X6S1x6Okd1st 5y ago
Using renewables to do something that doesn't need to be done is not a win.
I divested from all PoW coins except ETH in expectation that PoS will be completed soon.
- Ancapistani 5y ago> Using renewables to do something that doesn't need to be done is not a win. It is if it spurs development of the underlying tech. Pornography isn’t necessary, but because it was consumed in volume we ended up with ubiquitous household VCRs in the 80s and 90s.
- lottin 5y ago> It is if it spurs development of the underlying tech. How does that work? For example, if leave a lightbulb on all day long, does that spur adoption or development of renewable energy sources?
- X6S1x6Okd1st 5y agoAnd breaking windows spurs the local economy because people will pay to get them fixed.
- Ancapistani 5y agoYou’re confusing economic activity with technological progress. Breaking a window isn’t going to be a net positive. If everyone breaks a window and replaces it, every week, at some point it’s highly likely that a more efficient process for window replacement will be developed.
- X6S1x6Okd1st 5y agoI've never heard the rejoiner to the broken window fallacy that they just aren't breaking enough windows lol.
- Ancapistani 5y agoThat is the fallacy, lol. Again, though - we’re not talking about increasing the overall economic output. We’re talking about spending resources to incentivize technological progress. I’m also not saying it’s a good idea to start doing it because it’ll surely work. I’m only saying that it may well end up having positive effects outside of the primary use case.