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Nope. It's a popular misconception that people think burning more energy than a mid-sized country to maintain a rounding error in the world's finances with path
by notahacker 4y ago
Nope. It's a popular misconception that people think burning more energy than a mid-sized country to maintain a rounding error in the world's finances with pathetic transaction throughput is unacceptable only because we don't realise the energy use isn't strictly proportional to the transaction throughput.
But it doesn't, it just requires acknowledging that crypto is burning more energy than most countries for a comparatively tiny number of people to gamble a comparatively tiny amount of wealth, and that the actual incentive structure of PoW (probability of block rewards based on consuming more energy than rivals) is the most wantonly environmentally destructive technology invented in a history which also includes leaded petrol and CFCs.
- latchkey 4y agoNice rant.