Re:Bitcoin is an Energy Hog
by zeroxfe on Wednesday December 27, 2017 @05:24PM
(#16018574)
I didn't read the GP ascribing morality into that statement. They're simply saying that the energy consumption is a market effect -- if it wasn't in the miner's self-interest to mine, they wouldn't.
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I read it the same as you, except I hate that line of reasoning to hand-wave things away.
Let us assume a perfectly rational market... should preface all of these statements. That way it triggers us appropriately like "Assume an infinite plane" does.