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
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W odpowiedzi do @jongold
I’m pro artist, and pro experimentation. But the climate effects of crypto are concerning. Does the solution have to be crypto? Is there another system that could also work and benefit artists, without the excessive energy use?
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Ten tweet jest niedostępny.
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W odpowiedzi do @jongold
Can you guide me to the research you’ve seen on ETH? Because everything I’ve seen states that it’s excessive.
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compared to what
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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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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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