the energy discussion around crypto mining and proof of work seems like a red herring just like the water consumption of cows is a red herring:https://youtu.be/sGG-A80Tl5g?t=200 …
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but the output of crypto mining basically has FREE transport because it's just INFORMATION this means that the mining can be moved to where energy is basically free or cheap (such as iceland's geothermals)
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imagine all the energy it takes to keep all the finance hoomans in manhattan fed and housed and entertained and blah blah blah or all the energy it takes to keep the gold mining equipment continuously plowing into the earth to rip out its shiny goodies
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all *that* can be moved into a bunch of computer and plonked next to cheap energy or at least somewhere the externalities of energy production can be better managed as crypto mining gets more profitable the development of this cheap energy also gets more and more >incentivized<
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basically, crypto is like a company realizing all its knowledge workers can wfh so they no longer have to maintain offices and can just replace the local special snowflakes for southeast asian hard workers this reduces the company's carbon footprint
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