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A comment on Tesla buys $1.5B in Bitcoin, may accept it as payment in the future. Parent comment

Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by zaarn on Monday February 08, 2021 @04:43PM (#26070581)
It's 0.05% of energy that could be used elsewhere to reduce emissions (since a lot of miners sit on renewable energy). It's a worthwhile target because it#s easy to fix: don't waste energy like that.

edit: additionally a lot of small crap is still a pile or crap at the end of the day, the small little energy wasters (comparatively) still make up a combined total that is wortwhile to take on.

[ Parent | on HN ]
Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by shawnz on Monday February 08, 2021 @06:30PM (#26071817)
That isn't an easy fix though, unless you can find some other way to replace the unique advantages that Bitcoin is providing to users.

This is like saying "killing combustion engines is an easy fix: Just don't drive!"

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Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by zaarn on Tuesday February 09, 2021 @12:38AM (#26074273)
The fix is to use alternative consensus mechanisms like PoS. It's not "killing combustion engines is an easy fix: Just don't drive" it's "killing combustion engines is an easy fix: Use more efficient types of engines such as electric or sterling motors".
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Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by shawnz on Tuesday February 09, 2021 @07:59AM (#26076940)
I can agree with you that PoS is the most promising fix, but even still I don't think it's an easy fix just because the technology exists.

For example electric engines are an easy fix technically, but there are still lots of political and practical barriers that need to be solved before they can achieve widespread adoption.

It will take time for the market to build the same level of trust in PoS systems that they have in PoW systems.

[ Parent | on HN ]