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What bothers me personally is that they use so much energy _now_, even though they’re still pretty fringe. Sure, a lot of people have a little crypto floating a
by Uehreka 5y ago
What bothers me personally is that they use so much energy _now_, even though they’re still pretty fringe. Sure, a lot of people have a little crypto floating around, but not most people, and almost no one is using it as a medium for exchange on a daily basis. And yet it’s still using ~0.5% of the world’s energy (aka as much as a mid-sized country).
I feel like you have to pick one: Either argue that crypto is a niche hobby that won’t get much more traction, and that 0.5% of humanity’s total power usage is not that bad. Or express your ambition for crypto to run the world and become a fundamental part of everyone’s life, and have an explanation for how to square this with a multiplication of humanity’s total energy usage and the effects that will have on energy prices, silicon prices and the climate. But I’m tired of people arguing for tomorrow’s revolution using today’s energy usage numbers.