We often mention the insane energy consumption of #bitcoin
, but not enough its insane electronic waste. Bitcoin eats 12 000 tons of custom hardware (useless for anything else) / year. This has a significant role in the current worldwide shortage on electronic components (wafers).https://twitter.com/davidgerard/status/1374302539919847425 …
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Which is also a defining trait of pyramid schemes which this literally is
Thanks. Twitter will use this to make your timeline better. UndoUndo
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of course its a lot easier to build an emp than it is to storm a castle with pitchforks and shit.
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Yeah their fantasy is ridiculous, the idea that anyone would consent to keep the plants going to manufacture ASICs and keep them fed with power under such circumstances is nonsense
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All the money in the world doesn't help you when the pitchforks & torches come marching towards you, unless you've bought yourself an army.... Though who's gonna do your farming other than those wielding the pitchforks & torches? People are mad, Bitcoin bros are even more mad
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An unsaid part of the aristocracy fabtasy Arthur mention is that its followers believe that Humanity is more numerous than "needed",and therefore that they could afford to slaughter a sizable chunk of the pitchforks waving crowd and there would still be enough serfs to serve them
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I am sincere here