So weird that artists supporting other artists within communities we’ve spent years & decades building is a Ponzi scheme but a macroeconomic system where the value of currencies is literally arbitrarily decided and the government prints money to give to corporations isn’t
Compared to VISA transactions, ETH still seems to require orders of magnitude more energy per transaction? https://digiconomist.net/ethereum-energy-consumption/ …pic.twitter.com/pQUIt63XA1
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could be. but not all transactions are created equal. visa is a global payments and credit network - ethereum has 1000x more to offer.
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i don’t really understand how this stuff is calculated. does it account for renewables in mining? should the 18k visa employees across 200+ countries be calculated into energy consumption of a visa transaction? maybe these are dumb questions? lol
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Those don’t sound like dumb questions! From what I’ve read, defining the boundaries of what should be included in an energy assessment is an important step. This paper proposes Life Cycle Assessment as a way of comparing transactions: https://www.wu.ac.at/fileadmin/wu/d/ri/cryptoeconomics/Jean_Bachelor_Arbeit.pdf …pic.twitter.com/QunV0X0NRS
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