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Washing machines alone across the U.S. use more electricity than the entire Bitcoin network, just to put things in perspective.
by chrischattin 4y ago
Washing machines alone across the U.S. use more electricity than the entire Bitcoin network, just to put things in perspective.
- gchamonlive 4y agoYet clothes can't be washed by using proof of stake methods
- troorl 4y agoThey can be washed by hands, like billions of people still do in the 3rd world. But that's a sacrifice most western environmentally-conscious folks aren't willing to make.
- gchamonlive 4y agoHand washing clothes is a regression, specially considering industrial applications, whereas proof of stake is in many ways a progress in the way consensus is reached for blockchains. Being environmentally-conscious is about reducing carbon footprint with smarter processes, not reverting to older ways for the sake of cutting electricity consumption. That was an unfortunate fallacy.
- mcfedr 4y agoBut they provide value, in a way mining does not
- chrischattin 4y agoThat is entirely your subjective opinion. I think the exact opposite – that Bitcoin is one of the most positive for humanity, world changing inventions ever created.
- alkonaut 4y agopotentially. Any day now. Just over the horizon. Just like last year.
- DavidSJ 4y agoDo you have a source for this?
- Kbelicius 4y agoMaybe today. PoW is akin to a paper clip maximizer. The more value the network holds the more energy it needs to use. The cheaper the energy gets the more of it needs to use. So why not jut nip it in the bud?
- OskarS 4y agoWashing machines wash clothes, they provide value to the world. And they are subject to plenty of government regulation.
- yossarian1408 4y agoThe petrodollar might be valuable to the US, it certainly isn't doing the world any favours.