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> Unfortunately the invention is causing a global climate crisis. This is straight up bonkers. Yes: humanity's energy consumption is likely the cause of clima
by 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 agoBitcoin 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.