Its easier to fool people than to show them that they have been fooled.
Interesting that those who moan about Bitcoin’s energy use never seem to have complained about MASSIVE GOVERNMENT DEFICITS PROVOKING CANCEROUS OVERUSE OF SCARCE RESOURCES.
#CantFightTheFutureAndWin
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How much energy used developing 26k bombs Obama dropped in 2016? And lives and infrastructure?
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Right on the money.
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Even after I posted that comment, I started to think how much energy is used by the banking system, the IRS, the Federal Reserve, the mint, etc. Any discussion of the power usage of Bitcoin must subtract the energy saved by not having physical banks.
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Much of the Russian and Chinese mining is done with cheap hydroelectric at remote dams built mainly for future growth. The miners spotted a good cheap source going unused otherwise. (Not that I think the dams were a good idea. They were there anyway from the miners' perspective.)
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Similar to how Dems lament the US Debt…after their hero BO quiintupled it after 8yrs http://www.usdebtclock.org/
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Beauty of
#Bitcoin is it can never be mined
a la fiat currency whose value
. Max Bitcoin circulated=21 Million, so it's finite and precious. Eventually having a tete-a-tete w/Moore's and Metcalfe's Laws May need to scale beyond 8 decimal placesThanks. Twitter will use this to make your timeline better. UndoUndo
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won't bitcoins stop being generated eventually anyway?
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Tu quoque reasoning. The fact that governments are wasting trillions of dollars has nothing to do with whether energy consumption is a long-term problem for crypto-currencies. I want those currencies to work, which means facing and solving associated problems.
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