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You just said it, it is money. It's not wasted any more than it is wasted when you play a game or watch a youtube video or TV. It's just a use of energy which
by biggoodwolf 3y ago
You just said it, it is money.
It's not wasted any more than it is wasted when you play a game or watch a youtube video or TV. It's just a use of energy which you are trying to make as somehow bad. It's just a cultural preference.
- SamBam 3y agoNo, because if someone invents a way to power YouTube free of energy, that would be awesome, and it wouldn't detract in any way from the value of YouTube. But if someone worked out a way to generate BitCoin for free without any energy input, that would destroy BitCoin, because it depends on proof of work, where work is defined as consuming energy.
- biggoodwolf 3y agoSo that makes it intrinsically bad? What is acceptable vs unacceptable uses of energy? Esp. when we're not talking about food production or medicine
- eru 3y agoWell, it's wasted in the sense that bitcoin could switch to proof-of-stake and use much less energy.