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I am always hopeful that something like this might kill cryptocurrency (although I don't believe it will) - if a critical mass lose confidence in it, the networ
by waste_monk 2mo ago
I am always hopeful that something like this might kill cryptocurrency (although I don't believe it will) - if a critical mass lose confidence in it, the network effect would collapse and people might stop wasting terawatt-hours of power on NFTs and exit scams.
- r_lee 2mo agowhy do you care so much about that? NFTs are basically dead already and crypto is still somewhat niche like, why does it even matter? I doubt the energy usage is anywhere near AI workloads running today
- lux-lux-lux 2mo agoSetting aside any utility it might have, crypto has lots of negative externalities besides energy usage. The event under discussion, for example.
- npoc 2mo agoIn what way is energy usage in creating money a negative? e.g. If money took no energy to create, what would it be worth? What if you limited its effortless creation to just a few people? What do you think about the enormous energy usage (far more than bitcoin) in mining gold?