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I think of Satoshi as a genius for the invention. Unfortunately the invention is causing a global climate crisis. Similar to how Einstein's laws helped create t

I think of Satoshi as a genius for the invention. Unfortunately the invention is causing a global climate crisis. Similar to how Einstein's laws helped create the atomic bomb.

xunn0026 5y ago
- jandrese 5y ago
  It's certainly not helping. Bitcoin is astoundingly energy hungry and produces effectively nothing with the energy consumed. Textbook definition of wasteful behavior.
  - xunn0026 5y ago
    Assuming humans are somewhat rational it must produce something! At its worse interpretation it could be a casino. Humanity does a whole lot of wasteful things. Should we ban music, too? Parks perhaps? Switch to plain clothing? In other words, who are you to decide what's wasteful and what should be banned? I would more consider the ad industry to fit this definition. Yet I saw no computation how much energy and human brains it is wasting.
wyldfire 5y ago
> Unfortunately the invention is causing a global climate crisis. This is straight up bonkers. Yes: humanity's energy consumption is likely the cause of climate change. But the energy consumed goes into a lot of outputs: shelter, transportation, entertainment, commerce. You could legitimately regard proof-of-work as an inefficiency whose cost keeps increasing. If proof-of-stake is sufficient, then it's remarkably inefficient. But it produces something useful. Let's have some sense of perspective [1] about energy consumption before you put bitcoin or proof-of-work as the culprit for Earth's climate problems. [1] https://www.otherlab.com/blog-posts/us-energy-flow-super-sankey https://www.otherlab.com/blog-posts/us-energy-flow-super-san...
- shkkmo 5y ago
  Bitcoin isn't the only culprit, but it certainly isn't helping. > But it produces something useful. That is debatable, but even if it does, it does it at a much higher energy cost than the preexisting alternatives.
smokey_circles 5y ago
Come on. You can't believe ASICS pull more power than mining operations. Aluminum smelters are not cheap
BTCOG 5y ago
This is an absolute lie. Repeating this is QAnon level idiocy. Truly.

I think of Satoshi as a genius for the invention. Unfortunately the invention is causing a global climate crisis. Similar to how Einstein's laws helped create the atomic bomb.

xunn0026 5y ago

jandrese 5y ago
It's certainly not helping. Bitcoin is astoundingly energy hungry and produces effectively nothing with the energy consumed. Textbook definition of wasteful behavior.
- xunn0026 5y ago
  Assuming humans are somewhat rational it must produce something! At its worse interpretation it could be a casino. Humanity does a whole lot of wasteful things. Should we ban music, too? Parks perhaps? Switch to plain clothing? In other words, who are you to decide what's wasteful and what should be banned? I would more consider the ad industry to fit this definition. Yet I saw no computation how much energy and human brains it is wasting.

wyldfire 5y ago

> Unfortunately the invention is causing a global climate crisis. This is straight up bonkers. Yes: humanity's energy consumption is likely the cause of climate change. But the energy consumed goes into a lot of outputs: shelter, transportation, entertainment, commerce. You could legitimately regard proof-of-work as an inefficiency whose cost keeps increasing. If proof-of-stake is sufficient, then it's remarkably inefficient. But it produces something useful. Let's have some sense of perspective [1] about energy consumption before you put bitcoin or proof-of-work as the culprit for Earth's climate problems. [1] https://www.otherlab.com/blog-posts/us-energy-flow-super-sankey https://www.otherlab.com/blog-posts/us-energy-flow-super-san...

shkkmo 5y ago
Bitcoin isn't the only culprit, but it certainly isn't helping. > But it produces something useful. That is debatable, but even if it does, it does it at a much higher energy cost than the preexisting alternatives.

smokey_circles 5y ago

Come on. You can't believe ASICS pull more power than mining operations. Aluminum smelters are not cheap

BTCOG 5y ago

This is an absolute lie. Repeating this is QAnon level idiocy. Truly.