4 ms·
The End of Crypto-Fanaticism
- silexia 4y agoCrypto is good at getting people to commit to a new idea. The concern is that the new idea (mostly proof of work based) is extremely environmentally destructive through the massive energy cost and waste of computing resources.
- PolygonSheep 4y agoWhile I agree it's pretty dumb to burn country-level amounts of electricity solving sudokus and generate who knows how many millions of pounds of electronics waste (plus all the energy/pollution/etc to make it in the first place)... do these arguments actually resonate with the crypto fanatics? If you're a sociopath running a pyramid scheme, climate change is probably pretty far down your list of priorities.
- version_five 4y agoAs a libertarian and someone who used psychedelic drugs in the 90s, I don't entirely agree. First, I don't understand the part about counterculture ending in the 70s, I see a direct lineage to my experience as a teenager in the 90s, both on the side of former neo-hippies and of lawmakers worried about the prospect of people thinking for themselves (which now has become unimaginably worse than 25 years ago). On the libertarian side, there are two separate issues. Not being happy with a government controller financial system (in particular one in which the government can strangle its political enemies as Canada did recently) is not the same as supporting an ineffective solution, I.e. all current and imagined cryptocurrency implementations. Just because we don't like some features of the current system does not mean we automatically gravitate to some dumb idea. I guess that would be reserved for libertarians that also don't understand what crypto actually is, and just go along with it based on what someone told them it could do.