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> Yes, trust the guy on HN who is consistently negative about crypto about who to listen to. Sorry, but when people are so adamantly negative about something, I

> Yes, trust the guy on HN who is consistently negative about crypto about who to listen to. Sorry, but when people are so adamantly negative about something, I tend to run towards it because it often has a lot of interesting value. You have chosen the 'Chief Censor 451' role in life. I didn't tell you who to read, I suggested you dug around and found someone else who isn't a zealot and a shill. There's good authors out there, this isn't one. I follow a number of pro-crypto authors too, ones who I disagree with but respect. They're out there. Lyn is in my opinion only slightly above Pomp (who I know has retired to spend more time with his fiat) and Saylor (who was promoted to customer).

latchkey 4y ago
Since you haven't provided any "good authors" and only continue with your anti-crypto tirade, then let me guess... Schneier, Diehl and White.
- arcticbull 4y ago
  I didn't provide any because I knew you had no interest. But back on topic, what are your thoughts about wasting a minimum of 64TWh/yr?
  - latchkey 4y ago
    I don't see it as a waste. I don't feel that technology, in any form, is a waste. The world is a better place with technology and I don't feel that we have to be stuck buying things with gold nuggets. I am more than happy trying to "reinvent finance"... because I see and have personally experienced a lot of issues with existing financial systems. Early generations of tech might not be the best, but you have to start somewhere and iterate to a better future. Given that energy use of Bitcoin is literally written into the protocol to decrease over a long period of time, I don't see the big deal of expending energy to get there. Ideally it produces methods of better power distribution, encourages the use of green energy, etc... Also: https://news.ycombinator.com/item?id=32894814 https://news.ycombinator.com/item?id=32894814
    - arcticbull 4y ago
      What about technology that just sets oil fields on fire for no particular purpose? Seems pretty wasteful to me. Technology is never platonic. Concepts aren't a waste but their implementation certainly can be. > Early generations of tech might not be the best, but you have to start somewhere and iterate to a better future. Bitcoin is the most obstinate to change on purely ideological grounds. It hasn't materially changed in almost a decade except to move the deck chairs around. This is the time at which one would expect the most change and yet Bitcoin changes the least out of all its peers. This is an intentional decision by both the community and the core team. Adding green energy simply to waste guessing random numbers instead of decarbonizing the grid just adds to the e-waste Bitcoin is responsible for. Power distribution is a solved problem (only 5% of power is wasted in distribution in the US) - the issue is just NIMBYs refusing to put transmission infrastructure down. Bitcoin does not fix this.
      - latchkey 4y ago
        > What about technology that just sets oil fields on fire for no particular purpose? Oh come on, don't be absurd. Bitcoin is not setting oil fields on fire any more than the power usage of the whole internet has. How about games? That's pretty pointless expenditure of electricity... but you aren't screaming at the rooftops over that. This is seriously a case of old man yells at cloud meme. > Bitcoin is the most obstinate to change on purely ideological grounds. That's fine. ETH exists. It could mean that ETH wins in the end. Who knows. > Adding green energy simply to waste guessing random numbers instead of decarbonizing the grid just adds to the e-waste Bitcoin is responsible for. Blah blah blah... just as absurd as the above statement. Try a different trope, please.
        arcticbull 4y ago
        It’s not a trope it’s facts you dislike and refuse to engage with. You are a miner, you are part of the problem and of course you are looking for anything you can to justify what you do without having to ask if you're the baddies. Such a disclosure would have been helpful in advance and would have saved me some time. I'm sorry you're trying to defend the indefensible: kilotons of e-waste per year and the energy consumption of a small country to achieve the work of a Raspberry Pi. 97% of all bitcoin mining ASICs will never mine a single block. Ever. Just straight from factory to landfill with a long sojourn warming up the planet. Everything beyond those facts are mental gymanastics.

latchkey 4y ago

Since you haven't provided any "good authors" and only continue with your anti-crypto tirade, then let me guess... Schneier, Diehl and White.

arcticbull 4y ago
I didn't provide any because I knew you had no interest. But back on topic, what are your thoughts about wasting a minimum of 64TWh/yr?
- latchkey 4y ago
  I don't see it as a waste. I don't feel that technology, in any form, is a waste. The world is a better place with technology and I don't feel that we have to be stuck buying things with gold nuggets. I am more than happy trying to "reinvent finance"... because I see and have personally experienced a lot of issues with existing financial systems. Early generations of tech might not be the best, but you have to start somewhere and iterate to a better future. Given that energy use of Bitcoin is literally written into the protocol to decrease over a long period of time, I don't see the big deal of expending energy to get there. Ideally it produces methods of better power distribution, encourages the use of green energy, etc... Also: https://news.ycombinator.com/item?id=32894814 https://news.ycombinator.com/item?id=32894814
  - arcticbull 4y ago
    What about technology that just sets oil fields on fire for no particular purpose? Seems pretty wasteful to me. Technology is never platonic. Concepts aren't a waste but their implementation certainly can be. > Early generations of tech might not be the best, but you have to start somewhere and iterate to a better future. Bitcoin is the most obstinate to change on purely ideological grounds. It hasn't materially changed in almost a decade except to move the deck chairs around. This is the time at which one would expect the most change and yet Bitcoin changes the least out of all its peers. This is an intentional decision by both the community and the core team. Adding green energy simply to waste guessing random numbers instead of decarbonizing the grid just adds to the e-waste Bitcoin is responsible for. Power distribution is a solved problem (only 5% of power is wasted in distribution in the US) - the issue is just NIMBYs refusing to put transmission infrastructure down. Bitcoin does not fix this.
    - latchkey 4y ago
      > What about technology that just sets oil fields on fire for no particular purpose? Oh come on, don't be absurd. Bitcoin is not setting oil fields on fire any more than the power usage of the whole internet has. How about games? That's pretty pointless expenditure of electricity... but you aren't screaming at the rooftops over that. This is seriously a case of old man yells at cloud meme. > Bitcoin is the most obstinate to change on purely ideological grounds. That's fine. ETH exists. It could mean that ETH wins in the end. Who knows. > Adding green energy simply to waste guessing random numbers instead of decarbonizing the grid just adds to the e-waste Bitcoin is responsible for. Blah blah blah... just as absurd as the above statement. Try a different trope, please.
      - arcticbull 4y ago
        It’s not a trope it’s facts you dislike and refuse to engage with. You are a miner, you are part of the problem and of course you are looking for anything you can to justify what you do without having to ask if you're the baddies. Such a disclosure would have been helpful in advance and would have saved me some time. I'm sorry you're trying to defend the indefensible: kilotons of e-waste per year and the energy consumption of a small country to achieve the work of a Raspberry Pi. 97% of all bitcoin mining ASICs will never mine a single block. Ever. Just straight from factory to landfill with a long sojourn warming up the planet. Everything beyond those facts are mental gymanastics.