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> They’re using orders of magnitude more power for one thing. It's not clear whether this statement is true. Do you have sources? I'm serious, do you know how

> They’re using orders of magnitude more power for one thing. It's not clear whether this statement is true. Do you have sources? I'm serious, do you know how much infrastructure is required to deliver Netflix streams globally? How much investment went into building that infrastructure on top of all of the supporting infrastructure and its energy costs? > Nobody says they love [NFTs]... [it's not] as entertaining as watching Netflix. These people like making money and they derive pleasure from it. How's that any different from 'watches TV and derives pleasure from it'? It's not. This isn't a logically consistent position to take. Your claim here reduces to "Making money != entertainment Therefore Crypto is Bad". It's nonsensical.

acdha 5y ago
> I'm serious, do you know how much infrastructure is required to deliver Netflix streams globally? According to Netflix, an hour of streaming is 100g CO2e: https://about.netflix.com/en/news/net-zero-nature-our-climate-commitment https://about.netflix.com/en/news/net-zero-nature-our-climat... Estimates vary about Bitcoin's exact cost but they generally come in on the order of kilograms per transaction, and because far, far more actual people use Netflix than use Bitcoin for real activity a fair fraction of those transactions are overhead rather than a single economic transaction. > > Nobody says they love [NFTs]... [it's not] as entertaining as watching Netflix. > These people like making money and they derive pleasure from it. How's that any different from 'watches TV and derives pleasure from it'? It's not. This was explained in the parts you elided. If people were doing this out of some aesthetic appreciation for random hashes, we'd know because they would be talking about that. Instead the sales pitch is always about the things they can do after cashing out into hard currency. There are almost certainly some people who define themselves on making a number go up but they're not represented at all in the marketing material.

acdha 5y ago

> I'm serious, do you know how much infrastructure is required to deliver Netflix streams globally? According to Netflix, an hour of streaming is 100g CO2e: https://about.netflix.com/en/news/net-zero-nature-our-climate-commitment https://about.netflix.com/en/news/net-zero-nature-our-climat... Estimates vary about Bitcoin's exact cost but they generally come in on the order of kilograms per transaction, and because far, far more actual people use Netflix than use Bitcoin for real activity a fair fraction of those transactions are overhead rather than a single economic transaction. > > Nobody says they love [NFTs]... [it's not] as entertaining as watching Netflix. > These people like making money and they derive pleasure from it. How's that any different from 'watches TV and derives pleasure from it'? It's not. This was explained in the parts you elided. If people were doing this out of some aesthetic appreciation for random hashes, we'd know because they would be talking about that. Instead the sales pitch is always about the things they can do after cashing out into hard currency. There are almost certainly some people who define themselves on making a number go up but they're not represented at all in the marketing material.