Re:SolarBatteryBitcoin
by ben_w on Thursday April 22, 2021 @05:12AM
(#26900528)
> What should be the rules for deciding what should and shouldn’t be allowed?
You wanna burn your own house to the ground, your problem. You live in a flat? Now it’s bigger than you.
I’m optimistic about future tech and green energy and expect PV to solve greenhouse emissions. BTC is, by design, such that allowing it to succeed would lead to an arms race that has no upper bound — build a Dyson swarm, and the entire output of Sol gets spent fighting over who can find the right random numbers that hash in the right way, and it still doesn’t end.
(Of course, civilization doesn’t last that long, because the moment energy is priced in BTC it becomes worthwhile doing anything physically possible to get a 51% double-spend attack).
You wanna burn your own house to the ground, your problem. You live in a flat? Now it’s bigger than you.
I’m optimistic about future tech and green energy and expect PV to solve greenhouse emissions. BTC is, by design, such that allowing it to succeed would lead to an arms race that has no upper bound — build a Dyson swarm, and the entire output of Sol gets spent fighting over who can find the right random numbers that hash in the right way, and it still doesn’t end.
(Of course, civilization doesn’t last that long, because the moment energy is priced in BTC it becomes worthwhile doing anything physically possible to get a 51% double-spend attack).