Re:The Blockchain Is a Dark Forest
by simias on Sunday March 21, 2021 @06:24PM
(#26534708)
It's mostly these sentences (in relation to that diagram) that I really fail to understand:
>If Bitcoin used only wasted energy it would consume >2/3rds of the energy of the planet.
>This is why hand-wringing about Bitcoin’s energy use is so frustrating. Bitcoin is pointing at the moon and people are yelling at its finger. The self-congratulatory ignorance I see in this debate is unreal.
I don't get what it means or what point the author tries to make here.
Re:The Blockchain Is a Dark Forest
by Certhas on Monday March 22, 2021 @04:05AM
(#26537973)
The best I can guess is that the author is mixing up load balancing through reserve energy and efficiency losses. The amount that is reserved for load balancing is also not anywhere near the size they are talking about.
>If Bitcoin used only wasted energy it would consume >2/3rds of the energy of the planet.
>This is why hand-wringing about Bitcoin’s energy use is so frustrating. Bitcoin is pointing at the moon and people are yelling at its finger. The self-congratulatory ignorance I see in this debate is unreal.
I don't get what it means or what point the author tries to make here.