3 ms·
I strongly disagree with the points that you make. There are many ways to implement fair financial systems. Crypto activists chose to ignore them, refused to un
by bertil 5y ago
I strongly disagree with the points that you make. There are many ways to implement fair financial systems. Crypto activists chose to ignore them, refused to understand the sources of failures and just attact principles.
Instead, crypto advocates brandish an apparent technological solution that is at amost a very leaky abstraction. I can’t even stop screaming at how offensive is “wireless energy transport technology”. In doing so, you ignore that the scales in play are absurd: securing dozens of transactions should not have a larger environmental footprint than taking a billion people out of poverty. That you think this is even an argument is horrifying.
- jack_pp 5y agoWhat's offensive about it? Today energy generation of any kind has to have a way to transport that energy to a consumer. Bitcoin is in a privileged position of being able to use energy to create value locally to the energy producer. You might argue a datacenter could do the same thing but a datacenter requires a lot of staff and infrastructure while a mining operation doesn't. There's also the problem of a high speed high bandwidth internet connection. So what is your solution to this? There are ways to generate energy purely from ocean waves, this is being used near shore for the reasons stated above (you must transport the produced energy to shore) but we could install these way further and just rely on a sattelite connection for internet. How else would you utilize these yet untapped potential energy producing areas? Handwaving and using strong negative words aren't an argument. ---------- > There are many ways to implement fair financial systems Depends on what you mean by fair but please do list those other more efficient ways