Bitcoin's Enormous Energy Costs May Prove to Be Its Biggest Risk

Re:Bitcoin's Enormous Energy Costs May Prove to Be Its Bigge... by kown223 on Thursday November 09, 2017 @02:49PM (#15665312)

demand and offer, I wander why the elitist hacker rank "liberal" people don't get it, the difficulty is so high because there is a lot of hash power, the network would be fine with much less, I think around 15% of the current one.

On the logic of banning stuff for power saving, we should ban video games and movies.

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Re:Bitcoin's Enormous Energy Costs May Prove to Be Its Bigge... by jvanderbot on Thursday November 09, 2017 @03:00PM (#15665390)

Of course the network could operate with less competition. But it is designed to incentivize participation.

The temptation to dominate the network / hash power inevitably produces high energy usage. Again, by design.

I'm not sure that's a liberal standpoint, and admitting the reality of some people associating bitcoin mining with "wasteful" energy usage is not a flaw in logic.

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Re:Bitcoin's Enormous Energy Costs May Prove to Be Its Bigge... by rothbardrand on Thursday November 09, 2017 @03:44PM (#15665725)

Most of the people on this site are hard left, and not very much into hacking... there are junior developers and wannabe CEOs with MBAs here. You're not going to find cypherpunks on hacker news, generally.

So, anything that fits the hard left agenda is promoted, without regard to its scientific or technical accuracy, even when it's against the startup ethos that created silicon valley in the first place.

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Re:Bitcoin's Enormous Energy Costs May Prove to Be Its Bigge... by jacquesm on Thursday November 09, 2017 @04:03PM (#15665854)

Please stop your continuous stream of personal attacks and your rants against the 'left', which besides lowering the general level of discourse is factually incorrect in many ways.

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Re:Bitcoin's Enormous Energy Costs May Prove to Be Its Bigge... by ben_w on Thursday November 09, 2017 @04:32PM (#15666019)

My girlfriend self-describes as a revolutionary Marxist. Trust me when I say I have yet to see a single genuinely “hard left” comment on Hacker News.

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Re:Bitcoin's Enormous Energy Costs May Prove to Be Its Bigge... by orwin on Thursday November 09, 2017 @04:10PM (#15665903)

You could use less spite and disdain for your comment i think. You probably already know that convincing yourself that your outgroup is dumb and unqualified is a tribal ego-boosting technique, but a reminder never hurt.

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