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Energy use that doesn't deliver concrete value to the world. Mostly just speculators and gambling, but uses a a couple hundred TWh of electricity worldwide. Ye
by edmundsauto 3y ago
Energy use that doesn't deliver concrete value to the world. Mostly just speculators and gambling, but uses a a couple hundred TWh of electricity worldwide.
Yes yes I know, some applications are lower energy usage but parent comment is asking about the ethics of crypto in general.
- zrn900 3y ago> Energy use that doesn't deliver concrete value to the world How is that any different from fast trading computers producing 'wealth' by juggling inflated derivatives and 'generating' water vapor value from hot air...
- sgift 3y agoI don't think these are ethical either.
- snypher 3y agoWait until you find out what we do with all the water.
- throw10920 3y ago> Mostly just speculators and gambling, but uses a a couple hundred TWh of electricity worldwide. Parent asked about ethics of crypto, the technology, in general. This comment isn't about the technology, but the applications, and doesn't answer their question.
- edmundsauto 3y agoI don't necessarily think we should separate applications from theory, but to be more crisp, I would probably say the facilitation of money laundering and funding of terrorist groups is something unethical.
- throw10920 3y ago> I don't necessarily think we should separate applications from theory Sure, not in general, but shaism was specifically asking for theory, and you replied to them without actually answering their question. And you still haven't. > the facilitation of money laundering and funding of terrorist groups ...and this isn't unique to crypto, either, so it's unclear that it's relevant.
- SEJeff 3y agoWould you be shocked to know that US dollars are used more for both money laundering and funding terrorism than cryptocurrencies? Should we outlaw US dollars due to facilitating unethical uses?
- edmundsauto 3y agoI dont think so because of the centralized oversight. Crypto is designed to avoid that oversight (but even fails at that much of the time).