Really worrisome that this is billed as "the future"
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Bitcoin is old technology, the future is better.
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@Shteyngart nudge nudge ad nauseam (I want you to start writing about climate change, can you tell?)
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I live in the county with the 2nd cheapest electricity in USA & right next to the one that is cheapest. Our local PUD had to add security to offices due to angry bit coin miners threats as the they try to slow down the massive influx & drain on our rural infrastructure. Ugly!
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Chelan & Douglas County in Washington State.
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This is true and very much unsustainable. That said, it's also true that a number of new cryptocurrencies have been developed to reduce energy usage. Bitcoin itself is also being improved, so assuming that energy consumption can be linearly extrapolated is not correct.
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Seriously we shouldn't worry because other cryptocurrencies have been developed?
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Yeah, but those cool anti-establishment hipsters are fighting the man. So cool, so hip.pic.twitter.com/XMYE3djZOl
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