Re:Cambridge Bitcoin Electricity Consumption Index
by Nursie on Wednesday February 10, 2021 @01:03PM
(#26092619)
> If you don't want irreversible transactions, you don't want bitcoin.
You brought it up as an upside.
> Maybe spending 1% of the world's energy to have this public infrastructure is actually a good deal?
That seems highly unlikely, especially at a time when we don't have negative externalities priced into that energy cost, and we know we're damaging the climate, and given that the only thing it really brings to the table is decentralisation. Which itself is firstly a bit of a sham (mining tends to centralise) and not even that important to the speculators.
You brought it up as an upside.
> Maybe spending 1% of the world's energy to have this public infrastructure is actually a good deal?
That seems highly unlikely, especially at a time when we don't have negative externalities priced into that energy cost, and we know we're damaging the climate, and given that the only thing it really brings to the table is decentralisation. Which itself is firstly a bit of a sham (mining tends to centralise) and not even that important to the speculators.