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Crypto proof of work mining is actually one of the most renewable friendly sectors. Its mostly waste hydro, waste gas, etc being sought after. Its not perfect,

Crypto proof of work mining is actually one of the most renewable friendly sectors. Its mostly waste hydro, waste gas, etc being sought after. Its not perfect, but that is the trend. You also have to compare it against what its competing against, all those fancy bank buildings with 24.7 lights and ac, the staff to mantain the paper trail (their commutes, etc), the vast security forces and militaries there to secure it (military being the largest polluter), etc. From what I understand, the growth of the network, especially when it piggy backs on layer two networks like the lightning network for btc means 99% of the transactions can operate in a non proof of work method costing little more than the servers used to run a popular website. Its still sooooo early. The tech will evolve and competition is fierce for the best solutions. So long we dont try to regulate it to death and protect the status quo, its going to evolve in ways we are yet to imagine.

giaour 4y ago
> the vast security forces and militaries there to secure it (military being the largest polluter) I've seen several comments in this thread comparing BTC's energy consumption to that of the world's militaries; is this a new crypto meme? I hate to be the one to break this to you, but we would still need police and the military even if the world only used cryptocurrency. The irreversibility of crypto transactions increases the ROI of crime, so I think we would need more police and larger militaries in that world. Also, non-financial crime and interstate conflict exists.
- 6510 4y ago
  We can do a proof of crime and a proof of war blockchain and make law enforcement and conflict into tradable assets.
  - giaour 4y ago
    Wouldn't that incentivize people to create crimes that they could then stop to collect their PoliceCoin? Or to stoke short-lived interstate conflict to mine some more WarCoin? But that'll just mean more and more opportunity for PoliceCoin and WarCoin, so maybe it's actually sound monetary policy.

giaour 4y ago

> the vast security forces and militaries there to secure it (military being the largest polluter) I've seen several comments in this thread comparing BTC's energy consumption to that of the world's militaries; is this a new crypto meme? I hate to be the one to break this to you, but we would still need police and the military even if the world only used cryptocurrency. The irreversibility of crypto transactions increases the ROI of crime, so I think we would need more police and larger militaries in that world. Also, non-financial crime and interstate conflict exists.

6510 4y ago
We can do a proof of crime and a proof of war blockchain and make law enforcement and conflict into tradable assets.
- giaour 4y ago
  Wouldn't that incentivize people to create crimes that they could then stop to collect their PoliceCoin? Or to stoke short-lived interstate conflict to mine some more WarCoin? But that'll just mean more and more opportunity for PoliceCoin and WarCoin, so maybe it's actually sound monetary policy.