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A, I imagine, very useful invention would be some sort of synthetic fuel generator that only needs water and could soak up a lot of this energy. How small can y
by rtpg 3y ago
A, I imagine, very useful invention would be some sort of synthetic fuel generator that only needs water and could soak up a lot of this energy. How small can your fuel synthesis pipeline be?
This issue of power in weird places could be aided by processes that make… well, something useful.
- HashBasher 3y agoBitcoin is very useful.
- rtpg 3y agoNot to be too glib but I’m sure that these places would rather just have USD if that were an option
- HashBasher 3y agoI agree, but you can't mine USD, it's actually printed out of thin air.
- eru 3y agoYou can do electrolysis. But then you need to store the fuel etc. That competes with using mined bitcoins to trade for fuel.
- rtpg 3y agoI don’t contest that if the point is money the bitcoins are… probably better? The risks involved with bitcoin custody being their own can of worms. But at least fuel serves a purpose (especially in remote areas!)
- eru 3y agoIf you sell the bitcoin right away, the risks of custody aren't too bad. You can probably also just join an existing mining pool, and negotiate that they pay you in real money straight away. > But at least fuel serves a purpose (especially in remote areas!) Money can be exchanged for goods and services that can serve almost any purpose.
- Moneyyyyy 3y agoAnd resources are not endless and instead of reducing CO2, we try random hashes Great...
- eru 3y agoThat's a valid concern on a global level perhaps. For local decisions, they should check what gives them the most resources. And that might be 'trying random hashes to trade for goods and services'.
- Moneyyyyy 3y agoYes and that's the problem. Bitcoin can incentive a local market in a global scope. Bitcoin is a horrendously horrible virus. Quite crazy to think about that this virus might be invented all over again somewhere Ina distant Galaxy far far away.
- RestlessMind 3y agoBitcoin custody is a solved problem and is not any harder than securing Gold.