I do agree but imo the power consumption is a flaw of Bitcoin and should have been addressed upfront. There has to be a better way.
I do agree but imo the power consumption is a flaw of Bitcoin and should have been addressed upfront. There has to be a better way.
Do you think there isn’t a blood cost for electricity?
The new currency that’s backed by the old currency and uses a shit ton more electricity. What a time to be alive.
Ive worked in 3rd world and I’m shocked that you think these people give a shit about Bitcoin or that it can do anything for them. You can sing its praises all you want and go on and on about how it’s just me repeating what I’ve been told. It’s a joke.
But crypto also suffers from crashes and being devalued and if you’re buying Bitcoin with your hard earned dollar that is worth less and less then you are ultimately buying less and less Bitcoin. The fact that Bitcoin still needs all of the other currency to function as a middle man makes it vulnerable to the same risks. Maybe it helps people in niche situations but I’m sure we’ll all be thinking it’s worth it when those same struggling places are the hardest hit by climate change. At least they’ll have a bunch of digital currency propped up by fiat currency.
That’s great and all but doesn’t sound like a valid excuse for the excessive amount of energy it consumes. It’s also hard for me to imagine 3rd world places that somehow flourish because of a currency that needs the Internet to exist.
I’m fine doing away with physical dollars printed on paper and coins but crypto seems to solve none of the problems that we have with a fiat currency but instead continues to consume unnecessary amounts of energy while being driven by rich investors that would love nothing more than to spend and earn money in an untraceable way.
I hope this is sarcasm.
Unfortunately crypto is still somehow a thing. There is a couple year old bitcoin mining facility in my small town that brags about consuming 400MW of power to operate and they are solely owned by a Chinese company.
The argument that our bodies are inefficient meat bags doesn’t make sense. AI isn’t replacing the inefficient meat bag unless I’m unaware of an AI killing people off and so far I’ve yet to see AI make any meaningful dent in overall emissions or research. A chatgpt query can use 10x more power than a regular Google search and there is no chance the result is 10x more useful. AI feels more like it’s adding to the enshittification of the internet and because of its energy use the enshittification of our planet. IMO if these companies can’t afford to build renewables to support their use then they can fuck off.
Useful in the way that it increases emissions and hopefully leads to our demise because that’s what we deserve for this stupid technology.
Good for this guy. Fuck AI and the companies responsible.
This seems pretty rich coming from at&t who recently ran ads that implied they have satellite service when they don’t. https://m.slashdot.org/story/431806
I too feel bad for the few who see that this is a bad policy but what you’re suggesting is basically what they’re already doing and no matter what we call the fund it’s just going to be enabling poor policy makers to keep doing what they do.
I’m actually for this. With their home insurance marked on the verge of collapse and thus their housing market, I kind of just want to watch it all burn at this point. I only ask that we withhold any federal aid and disaster relief when they get shit on by mother nature.
This is the real answer.
If I’m not mistaken they’ve already been found guilty of this in the US.
Then we all grew up and found out it’s actually not possible to sink in quick sand.