My kink is watching tech bros get annoyed when you keep reminding them bitcoin is ecologically unsound.
@sophia you could say the same about Gentoo, that’ll piss them off (also, me)
@sophia Wasn't Carl Marx the guy who invented Donald Trump, the angry duck?
@sophia how much energy does bitcoin currently consume?
@meena A lot. In some areas the money it's producing is almost equal to the energy consumption required to produce it
@sophia also how is it still entirely impossible to buy anything meaningful like, say, food with it? Bitcoin is a wasteful investment toy for douchebags
@jez which doesn't nullify the ecological impact of the global bitcoin market that's driving an increase in power consumption that's from non-renewable sources
Fiat currency also uses nonrenewable materials: fossil fuels for energy, metals for coins, metals for fraud protection, etc.
(Also, don't worry, I'm not a hardliner. Your point is valid: Bitcoin uses too much electricity on useless garbage math. Other cryptos are way better in that regard.)
@jez Quite. Efforts should be looking to move in the other direction wholesale, rather than increase the problem at a time when it's clear the planet is undergoing catastrophic changes as a result of these things already
Indeed! Hmmm.... Has anyone ever made a hashing algorithm that helps process weather prediction data? 🤔🤔🤔🤔
@jez that is at least one entire yike
Dare I say, two entire metric yikes.
@jez @sophia A PoW scheme that incentives users to donate processing power to research projects is better than the current state of things, but does nothing to solve the fundamental problems with PoW.
I see a better solution in GNU Taler: it is not a currency but a open payment processing system for existing currencies (ie. an alternative to PayPal and Visa, not for the Dollar and the Euro). Transparent for tax reasons but private for the consumer, without PoW or blockchains.
Agreed, putting extra stuff on top of PoW doesn't really improve the situation ecologically. Having a PoS is not egalitarian. Having a Proof of Identity system with meatspace meetups certainly doesn't help reduce fossil fuel consumption.
Hmmmmm.... A libre federated payment infrastructure would be great! But why would for-profit payment systems want to federate with a not-for-profit system which would compete with their model?
sparkle sparkle, bitches