Re:Cambridge Bitcoin Electricity Consumption Index
by shawnz on Thursday February 11, 2021 @04:48PM
(#26107811)
> the existing financial system is an emergent property of the state. It's a free-loader. Very limited energy is expended specifically to maintain the financial system. The bulk of it is to maintain the state
It isn't a matter of how much the financial system consumes. It is a matter of how much the state consumes to protect the wealth of its citizens (of which fiat is just an emergent property like you say).
> Further I disproved the energy utilization point in the original conjecture as impossible. If you have something to add add it and show you work.
You will have to clarify what point you mean or what work you want me to show.
> Number go up, we get it.
Please don't talk to me so disrespectfully. I have no interest in speculating on the price of cryptocurrencies.
After all far be it from replacing Visa and Mastercard, Visa and Mastercard have simply added crypto so you actually have to remove them from your energy savings estimates.
Further I disproved the energy utilization point in the original conjecture as impossible. If you have something to add add it and show you work.
Sorry man, you're just not right on this one. Number go up, we get it. That doesn't make it a fundamentally good, useful or interesting technology. All this flailing/pointing at everything that moves with no calculation, no evidence, is just to distract from the fundamental fact that it's a wasteful, borderline useless casino.
Show. Your. Work.