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ππ’πππ¨π’π§ π’π¬ πππ«π«π’ππ₯π ππ¨π« ππ‘π ππ§π―π’π«π¨π§π¦ππ§π. No. Bad power generation is bad for the environment. Also, proof-of-stake does not of
by jbaczuk 4y ago
ππ’πππ¨π’π§ π’π¬ πππ«π«π’ππ₯π ππ¨π« ππ‘π ππ§π―π’π«π¨π§π¦ππ§π. No. Bad power generation is bad for the environment. Also, proof-of-stake does not offer the same level of security and accessibility.
ππ«ππ§π¬ππππ’π¨π§ ππππ¬ ππ«π ππ¨π¨ π‘π’π π‘. Only when the network is congested and people are transacting a lot. This is required in order to incentivize miners to include your transaction. When too high, layer 2 protocols like lightning or the Liquid Network. Also, fees are flat, so it doesn't matter how much or where you send.
- elil17 4y agoGood power generation is also bad for the environment. Every form of energy generation has an environmental cost (e.g. land use for solar, mining needed to make wind turbine components). If someone is shoveling food into a landfill, you don't say "Oh well, that would be fine if we just had more food. Not his fault." People are burning electricity for no reason when it's still a scarce resource. So it's only useful if no one uses it or if you're sending more money than the average person earns in a year?
- jbaczuk 4y agoEnergy is not generated, it's captured/converted, and energy is not a scarce resource. In this case, it's converted to financial security to prevent double spends and allow this currency to exist.
- danuker 4y ago> and energy is not a scarce resource Explain to me the spikes in electricity prices?
- jbaczuk 4y agoHave you heard of the sun? It's sending quite a bit of free energy. In fact too much, many would argue, and there's nothing we can do to stop it.
- elil17 4y agoFine, if you want to be pedantic then energy conversion infrastructure is a scarce resource. And I have this great way to convert energy into financial security thatβs millions of times more energy efficient than yours, itβs called a payment processor keeping a ledger on a database and having a contractual obligation to keep it accurately (providing customers with legal redress if something goes wrong).
- jbaczuk 4y agoYou must be lucky to live in a good country at the moment, but it's not all about you and not all about the current moment.