i should be smarter than to argue with bitcoin maximalists about the energy intensity of bitcoin, but seriously, technologists, the industry has a problem with energy usage *even at this scale*. if it 'actually' scaled to replace everything it would be catastrophic.
seperately, if more people use Bitcoin more heavily as a store of value to HODL, even in this mining phase, that bids up the Bitcoin price, and thus energy usage. the block rewards half every 4 years — if BTC price doubles in 4y rewards won’t dwindle in value...
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Pretty much. Luckily, the easiest way to proceed in this matter is that we price energy production according to their actual costs to society? Which happens to be perfectly incentive compatible: bitcoin mining being cost sensitive, it'll use more renewables and less energy.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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