As far as our carbon budget, how we choose to create energy and how much energy something uses are unrelated concepts. If people pay a proper price for energy that reflects its scarcity and externalities, then there is no problem. In a world where we use 100% renewable energy sources, would you complain about bitcoin mining? In any case, one could argue that the amount of energy required to secure the bitcoin network is a drop in the bucket compared to the amount of energy that (for example) the USA uses to secure the value of the dollar. If we then factor in the pretty obvious benefits of a decentralized currency, it seems like a great idea if the downsides can be properly addressed.
Hold on. Technology (and knowledge in general) is ethically neutral.
The action of researching and developing it in a specific way, time and place in never ethically [and politically] neutral.
This kind of hyperbole suggests you didn’t read the person’s comment very closely.
How is using X joules mining bitcoin worse than using it for anything else? Eg. mining gold?
If the energy grid was 100% sustainable would bitcoin still be “literally killing the planet”? Surely not, so maybe the problem is actually the energy source, not this particular use case.
Or powering an MRI machine to detect cancer in a patient. Is it the same ethically?
Wow, gotta be one of the best arguments on HN.