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This entire chain of replies is skewed. Yes, real world mining is a serious offender, but that doesn’t exempt crypto mining. Have one look at one photograph of

This entire chain of replies is skewed. Yes, real world mining is a serious offender, but that doesn’t exempt crypto mining. Have one look at one photograph of a crypto mining farm for one second and this will be obvious to anyone. On the point of double spend - collusion in bitcoin mining is very possible and decentralization is not as strong as claimed. There are tons of studies about this. https://cowles.yale.edu/3a/parlour-miner-collusion-and-bitcoin-protocol.pdf https://cowles.yale.edu/3a/parlour-miner-collusion-and-bitco...

eru 5y ago
> Yes, real world mining is a serious offender, but that doesn’t exempt crypto mining. Agreed, they have essentially nothing in common apart from the name. > Have one look at one photograph of a crypto mining farm for one second and this will be obvious to anyone. Why? You can get pretty bad pictures of eg factory farming, too; still that doesn't mean people will stop eating factory farmed meat. > On the point of double spend - collusion in bitcoin mining is very possible and decentralization is not as strong as claimed. There are tons of studies about this. The pdf you linked says nothing about double spending.
- selfportrait 5y ago
  > Agreed, they have essentially nothing in common apart from the name. I don’t know if it’s your English, but you just said you agreed that crypto mining is an offender on the level of other forms of mining. > Why? You can get pretty bad pictures of eg factory farming, too; still that doesn't mean people will stop eating factory farmed meat. Except there are people who stop eating meat, reduce their intake, and there are advances in meat alternatives in the market. This is whataboutism 101. It’s quite frankly ignorant. > The pdf you linked says nothing about double spending. The PDF I linked is about bitcoin mining collusion, one of bitcoin’s flaws. If you knew anything about collusion and the consequences of a potential 51% attack, double spending is one of the central topics. Your entire post sounds like paid misinformation.
  - eru 5y ago
    > Your entire post sounds like paid misinformation. I wish.
    - selfportrait 5y ago
      Yes, go on and ignore all the points made - especially your incorrect point about the value of cryptocurrency pollution in providing double spend protections - a feature that can easily be abused by a handful of powerful miners. Sweep it under the rug as you go on justifying the rampant climate impact of cryptocurrencies.

eru 5y ago

> Yes, real world mining is a serious offender, but that doesn’t exempt crypto mining. Agreed, they have essentially nothing in common apart from the name. > Have one look at one photograph of a crypto mining farm for one second and this will be obvious to anyone. Why? You can get pretty bad pictures of eg factory farming, too; still that doesn't mean people will stop eating factory farmed meat. > On the point of double spend - collusion in bitcoin mining is very possible and decentralization is not as strong as claimed. There are tons of studies about this. The pdf you linked says nothing about double spending.

selfportrait 5y ago
> Agreed, they have essentially nothing in common apart from the name. I don’t know if it’s your English, but you just said you agreed that crypto mining is an offender on the level of other forms of mining. > Why? You can get pretty bad pictures of eg factory farming, too; still that doesn't mean people will stop eating factory farmed meat. Except there are people who stop eating meat, reduce their intake, and there are advances in meat alternatives in the market. This is whataboutism 101. It’s quite frankly ignorant. > The pdf you linked says nothing about double spending. The PDF I linked is about bitcoin mining collusion, one of bitcoin’s flaws. If you knew anything about collusion and the consequences of a potential 51% attack, double spending is one of the central topics. Your entire post sounds like paid misinformation.
- eru 5y ago
  > Your entire post sounds like paid misinformation. I wish.
  - selfportrait 5y ago
    Yes, go on and ignore all the points made - especially your incorrect point about the value of cryptocurrency pollution in providing double spend protections - a feature that can easily be abused by a handful of powerful miners. Sweep it under the rug as you go on justifying the rampant climate impact of cryptocurrencies.