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Re:Bitcoin powers towards $50K as Tesla takes it mainstream by user-the-name on Tuesday February 09, 2021 @09:19AM (#26077710)
Increased bitcoin price leads, due to the economic equilibrium on which bitcoin rests, to greater energy usage and greater emissions.

Bitcoin already emits as much carbon as the nation of New Zealand. It emits ten times more carbon per year than Tesla, according to their own numbers, have saved over the lifetime of the company.

Increasing the bitcoin price by just 10% will eventually lead to an increase in emissions that will wipe out all of Tesla's environmental gains in a year.

Re:Bitcoin powers towards $50K as Tesla takes it mainstream by hanniabu on Tuesday February 09, 2021 @09:24AM (#26077776)
That's why Ethereum is the future. It's where all innovation is happening anyways.
Re:Bitcoin powers towards $50K as Tesla takes it mainstream by whitepaint on Tuesday February 09, 2021 @09:28AM (#26077838)
It will take time for people to realize because Ethereum is so much more complex that Bitcoin. But it will happen eventually and inevitably imo.
Re:Bitcoin powers towards $50K as Tesla takes it mainstream by newsbinator on Tuesday February 09, 2021 @09:30AM (#26077867)
For some applications, yes. I believe Stellar (XLM) is the future for transferring money across borders.
Re:Bitcoin powers towards $50K as Tesla takes it mainstream by tryptophan on Tuesday February 09, 2021 @10:12AM (#26078358)
Why would any bigger institution (like a bank) ever use a non-private chain where everyone can see how much they have and how much they sent to do transactions?

Blockchain is being taken up by banks, with projects such as r3-corda, but is is a private chain, with no shitty "coin" for morons to speculate on and thus gets no attention.

Re:Bitcoin powers towards $50K as Tesla takes it mainstream by hanniabu on Tuesday February 09, 2021 @10:16AM (#26078395)
Ethereum will allow for private transaction so institutions can conduct business on it in an opaque manner.
Re:Bitcoin powers towards $50K as Tesla takes it mainstream by tryptophan on Tuesday February 09, 2021 @10:33AM (#26078616)
I'll believe it when I see it. Right now it seems like nobody cares about privacy in the ethereum space.
Re:Bitcoin powers towards $50K as Tesla takes it mainstream by hanniabu on Tuesday February 09, 2021 @11:34AM (#26079448)
What are you talking about? There's tons of advocation for privacy.
Re:Bitcoin powers towards $50K as Tesla takes it mainstream by VMG on Tuesday February 09, 2021 @09:31AM (#26077877)
Re:Bitcoin powers towards $50K as Tesla takes it mainstream by hanniabu on Tuesday February 09, 2021 @10:13AM (#26078372)
That's pretty selective lol. Why not use one of their main repos? It's almost like you have an ulterior motive.
Re:Bitcoin powers towards $50K as Tesla takes it mainstream by VMG on Tuesday February 09, 2021 @10:41AM (#26078731)
the official ethereum client is not one of their main repo?

what is?

Re:Bitcoin powers towards $50K as Tesla takes it mainstream by narcissismo on Tuesday February 09, 2021 @09:33AM (#26077909)
One could also argue that the power used by the vehicles themselves contributes to increased emissions.

I think the only way forward here is to generate electricity as cleanly as possible. That way we won't get bogged down in arguments about amazon's terawatt-hours being more worthwhile than those of facebook or bitcoin.

Re:Bitcoin powers towards $50K as Tesla takes it mainstream by imtringued on Tuesday February 09, 2021 @09:55AM (#26078155)
That's exactly why people advocate for carbon taxes. Instead of guilt tripping people you just add a financial tradeoff for pollution. Businesses don't understand morals but they do understand money and once you give them a profit motive they are willing to eat their polluting competitors for lunch.
Re:Bitcoin powers towards $50K as Tesla takes it mainstream by AnIdiotOnTheNet on Tuesday February 09, 2021 @09:55AM (#26078162)
Or we could also seek to reduce our consumption of energy, thus lowering the overall requirement to produce it by any means, including the dirty ones.

But hey, fuck that, there's a chance to get rich here so the planet can suck it.