Re:Coin Carbon Cap – PoW cryptocurrencies ranked by energy e...
by lottin on Monday May 17, 2021 @10:30AM
(#27183838)
The fact that some people don't care about efficiency doesn't mean we shouldn't measure it. For example, a lot of people buy cars that are fuel-inefficient. Does that mean we should stop measuring car efficiency? No, that's a ridiculous argument. If you don't care about efficiency because you care more about other stuff, at least you should be aware of the trade-offs, and also have the intellectual honesty to admit that you don't care about efficiency, instead of pretending that efficiency is not important.
Re:Coin Carbon Cap – PoW cryptocurrencies ranked by energy e...
by matheusmoreira on Monday May 17, 2021 @11:05AM
(#27184272)
I didn't say you shouldn't measure it. I said people are buying other things for their money. Simply measuring transactions/energy ignores all that. Monero provides decentralized trustless private untraceable transactions, Ethereum provides decentralized trustless transactions that execute smart contracts. The energy consumption is merely the cost of all those features.
Re:Coin Carbon Cap – PoW cryptocurrencies ranked by energy e...
by lottin on Monday May 17, 2021 @11:28AM
(#27184548)
> The energy consumption is merely the cost of all those features.
This is a big assumption, and almost certainly untrue.
Re:Coin Carbon Cap – PoW cryptocurrencies ranked by energy e...
by matheusmoreira on Monday May 17, 2021 @01:06PM
(#27185678)
Why?
Why transact via cryptocurrencies instead of other systems? Because of these other desirable properties. They're the value cryptocurrencies add to the world and the reason why people choose to them despite the inefficiency. People transact in Ethereum because they want to run smart contracts. People transact in Monero because they want privacy.
> So it absolutely makes perfect sense to measure how efficient these systems are processing transactions, and the way to measure that is by looking at how much it costs to process a transaction with each of these systems.
I don't think so. People measure this in order to compare with traditional banking systems which are centralized, require trust in institutions and affords no privacy. This is not a fair comparison.