7 ms·

1% of global energy usage is an insanely high number for something like this. 1% is absolutely not a drop in a bucket.

• matheusmoreira 4y ago
  Something completely useless like bitcoin, absolutely. I wouldn't mind even more energy being poured into Monero though.
  • ryan_lane 4y ago
    Monero is almost solely use for crime. Most exchanges won't touch it, and that's a good thing because it would pour fuel on top of the existing cryptocurrency-enabled ransomware trash fires, if it was actually usable.
    • matheusmoreira 4y ago
      So? If some criminal usage is the price we must pay for real privacy, so be it. Total warrantless surveillance is the greater crime.
      • ryan_lane 4y ago
        If we were talking about petty crime, I may agree with you, but cryptocurrencies enable ransomware, which frequently shuts down critical services like hospitals and schools. Ransomware attackers have also leaked personal medical records from hospitals, and student's private records from schools. Surveillance is an issue, but for the most part, it's not warrantless in our current system. Cryptocurrencies, excluding things like Monero and Zcash actually make it considerably easier to do warrantless surveillance. If I'm forced to choose between some instances of illegal warrantless surveillance, and the complete inability to trace financial crimes, I'll take the instances of illegal surveillance, with the hope we'll try to fix those issues.