4 ms·

And if it didn't waste electricity equivalent to a country.

by yashg 3y ago

jakupovic 3y ago
[flagged]
- FranzFerdiNaN 3y ago
  It doesn’t matter that other things also use electricity. That’s what seven year olds use to excuse their behavior, when they go “but mom, my friend may do X so why can’t I?????”.
  - jakupovic 3y ago
    [flagged]
- vr46 3y ago
  This rambling whataboutery is definitely the more tired talking point. BTC really does waste energy and it’s the context for this entire page.
  - jakupovic 3y ago
    It's rambling as you don't agree and are stuck in "bitcoin bad boo". Learn some things about life, buy some bitcoin and don't repeat stupid talking points formulated by others ...
Grangar 3y ago
How much energy is spent, and how much pollution is caused by traditional finance?
- kd913 3y ago
  Are you really gonna spew this line of reasoning dear crypto bro? You know the answer and energy cost of both here. One serves an entire a nation at an energy cost that is less than this waste of computation. The other causes a enegy cost equivalent to entire countries for a total of 250k transactions. Never mind the sheer monumental ewaste generated. Bitcoin is a trash currency and any advocates are garbage for the sheer environmental disaster they cause. It single handedly undoes renewable trends but le number goes up. The fact this low hanging fruit hasn’t been banned from above is frankly shameful.
  - x86x87 3y ago
    Wow. That's a really high horse you're riding over there. Are you saying that the "crypto bros" are using free electricity to power the likes of bitcoin? If they are paying for the electricity what are you actually arguing against? The free market? Freedom? Next time you start getting ideas abour banning things look into history for examples when banning shit was attempted and what happened.
    - kd913 3y ago
      If it is unclear what I am saying, read my comment again. Pretty obvious what I am saying that as a currency Bitcoin is garbage. The value is artificially propped up with tether, easy trading and illegal activity. The energy costs undoes any green movements all so number goes up. It provides 0 useful economic activity for a Country and should have been banned years ago if governments were run competently. The world would be a better place if it never existed and proponents are garbage people.
      - npoc 3y ago
        On what grounds could a country's public servants prevent people using electricity in a way that harms no one else, after purchasing said electricity in the free market from approved suppliers? It's absolutely none of your business what I do with electricity after I've purchased it, so long as I don't use it to harm anyone else. If you try to stop me, I'll sue you for damages.
  - robcohen 3y ago
    Lots of crypto tech doesn’t use this much energy. Proof of work is pretty obsolete by now, so it’s just no longer a relevant argument. Sure Bitcoin is expensive energy-wise, but criticize Bitcoin for that not crypto.
    - c-hendricks 3y ago
      Like proof of stake, which seems to just codify the bad parts of capitalism? > Critics have argued that the proof of stake will likely lead cryptocurrency blockchains being more centralized in comparison to proof of work as the system favors users who have a large amount of cryptocurrency, which in turn could lead to users who have a large amount of cryptocurrency having major influence on the management and direction for a crypto blockchain https://en.wikipedia.org/wiki/Proof_of_stake#Centralization https://en.wikipedia.org/wiki/Proof_of_stake#Centralization
- yashg 3y ago
  Aha! Please tell me more about how your 7 transactions per second magic internet money is going to replace global finance and help the unbanked in Africa! BTW, have you guys decided whether your funny token is an asset or currency?
  - npoc 3y ago
    Through fast payment rail networks built on top. But that's not important to it's success. The "funny token"'s base layer (the bitcoin network) is optimised for storing large amounts of value for large periods of time meaning that it will attract a large portion of the wealth in the world just as it is.

And if it didn't waste electricity equivalent to a country.

by yashg 3y ago

And if it didn't waste electricity equivalent to a country.

jakupovic 3y ago

[flagged]

FranzFerdiNaN 3y ago
It doesn’t matter that other things also use electricity. That’s what seven year olds use to excuse their behavior, when they go “but mom, my friend may do X so why can’t I?????”.
- jakupovic 3y ago
  [flagged]
vr46 3y ago
This rambling whataboutery is definitely the more tired talking point. BTC really does waste energy and it’s the context for this entire page.
- jakupovic 3y ago
  It's rambling as you don't agree and are stuck in "bitcoin bad boo". Learn some things about life, buy some bitcoin and don't repeat stupid talking points formulated by others ...

Grangar 3y ago

How much energy is spent, and how much pollution is caused by traditional finance?

kd913 3y ago
Are you really gonna spew this line of reasoning dear crypto bro? You know the answer and energy cost of both here. One serves an entire a nation at an energy cost that is less than this waste of computation. The other causes a enegy cost equivalent to entire countries for a total of 250k transactions. Never mind the sheer monumental ewaste generated. Bitcoin is a trash currency and any advocates are garbage for the sheer environmental disaster they cause. It single handedly undoes renewable trends but le number goes up. The fact this low hanging fruit hasn’t been banned from above is frankly shameful.
- x86x87 3y ago
  Wow. That's a really high horse you're riding over there. Are you saying that the "crypto bros" are using free electricity to power the likes of bitcoin? If they are paying for the electricity what are you actually arguing against? The free market? Freedom? Next time you start getting ideas abour banning things look into history for examples when banning shit was attempted and what happened.
  - kd913 3y ago
    If it is unclear what I am saying, read my comment again. Pretty obvious what I am saying that as a currency Bitcoin is garbage. The value is artificially propped up with tether, easy trading and illegal activity. The energy costs undoes any green movements all so number goes up. It provides 0 useful economic activity for a Country and should have been banned years ago if governments were run competently. The world would be a better place if it never existed and proponents are garbage people.
    - npoc 3y ago
      On what grounds could a country's public servants prevent people using electricity in a way that harms no one else, after purchasing said electricity in the free market from approved suppliers? It's absolutely none of your business what I do with electricity after I've purchased it, so long as I don't use it to harm anyone else. If you try to stop me, I'll sue you for damages.
- robcohen 3y ago
  Lots of crypto tech doesn’t use this much energy. Proof of work is pretty obsolete by now, so it’s just no longer a relevant argument. Sure Bitcoin is expensive energy-wise, but criticize Bitcoin for that not crypto.
  - c-hendricks 3y ago
    Like proof of stake, which seems to just codify the bad parts of capitalism? > Critics have argued that the proof of stake will likely lead cryptocurrency blockchains being more centralized in comparison to proof of work as the system favors users who have a large amount of cryptocurrency, which in turn could lead to users who have a large amount of cryptocurrency having major influence on the management and direction for a crypto blockchain https://en.wikipedia.org/wiki/Proof_of_stake#Centralization https://en.wikipedia.org/wiki/Proof_of_stake#Centralization
yashg 3y ago
Aha! Please tell me more about how your 7 transactions per second magic internet money is going to replace global finance and help the unbanked in Africa! BTW, have you guys decided whether your funny token is an asset or currency?
- npoc 3y ago
  Through fast payment rail networks built on top. But that's not important to it's success. The "funny token"'s base layer (the bitcoin network) is optimised for storing large amounts of value for large periods of time meaning that it will attract a large portion of the wealth in the world just as it is.