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Re:Nvidia Limits RTX 3060 Hash Rate by qqii on Sunday February 21, 2021 @12:46PM (#26215434)
Can you elaborate on what you mean by Societal Costs of crypto?

> I have said it a few times on HN: I see more potential into a "Crypto Dollar" than in crypto in general.

This, and the potential of smart contracts that use the "Crypto Dollar" are where I see the most potential.

Re:Nvidia Limits RTX 3060 Hash Rate by josalhor on Sunday February 21, 2021 @01:37PM (#26215883)
> Can you elaborate on what you mean by Societal Costs of crypto?

Here are some of the associated costs of crypto:

- Environmental effects for the energy consumption that is not clean and the corresponding breakeven for clean energy.

- Subsidized costs of energy are a direct cost into governments budget.

- By increasing electricity consumption miners are increasing the demand and therefore the cost. This drives up inequality.

I haven't found a better term than "Societal Costs" that summarizes all these costs.

> This, and the potential of smart contracts that use the "Crypto Dollar" are where I see the most potential.

Absolutely!