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Financial success while ignoring externalities? Is the amount of pollution created as a byproduct of using all the electricity not in the calculation? Being su
by yboris 4y ago
Financial success while ignoring externalities? Is the amount of pollution created as a byproduct of using all the electricity not in the calculation?
Being surprised that there is a pushback against such a technology seems inappropriate or foolish.
- adastra22 4y agoOne could make literally the same arguments about Uber and Airbnb. HN has it in for crypto specifically, for whatever reason.
- yboris 4y agoGood luck trying to make a parallel argument that has the same strength. Does Uber or Airbnb use 100,000x more resources per transaction than the standard alternative?
- adastra22 4y agoA significant fraction of world GDP is spent on financial services selling trust. It is not obvious that a world with trustless self-custody crypto would be more expensive than traditional finance.
- yboris 4y agoBitcoin does not scale by design. Ethereum may be different. I doubt there is a uniform hate towards the crypto world the original commenter laments about. It's probably a bit more nuanced -- as you could expect from HN (on average).
- adastra22 4y agoYou’ve wandered into my field of expertise. Bitcoin can be made to scale to billions of concurrent users. There is a clear roadmap from here to there.
- yboris 4y agoCan be, but isn't, right? What's the delay? It's been over a decade -- apparently the electricity consumption isn't a priority for the community.
- adastra22 4y agoElectricity consumption is the entire point of bitcoin and isn't going to change. It is what the security arguments are based on. Note that electric consumption of proof-of-work does not scale with usage though.