Re:Ethereum will use around 99.95% less energy post merge
by VMG on Tuesday May 18, 2021 @11:57AM
(#27196439)
my financial privacy is a basic need, and I need cryptocurrency to achieve it
I do not believe consensus mechanism other than PoW can provide enough security for a cryptocurrency
Re:Ethereum will use around 99.95% less energy post merge
by rcMgD2BwE72F on Tuesday May 18, 2021 @12:16PM
(#27196827)
I'm sure jet setters consider their private jet as a basic need, too.
What's interesting, is that you can gather ~300 random citizens - including jet setters and cryptofans - and let them think about it for two years in order to decide what they considered as basic needs, on a consensus basis. And then, we can organize a vote (e.g a referendum) to make sure society finds a common ground on this (just like we do for most things, such as banning crime).
See https://en.wikipedia.org/wiki/Citizens_Convention_for_Climat... for a good example.
I bet PoW would be far down the list of basic needs but it might, still. I like democracy (where people vote, not their fortune).
I disagree. If we must cap the CO2 we can emit, we should definitely favor basic needs over luxury. Here in France, the government tried to set a carbon tax on gas (which is required for many simply to commute to work, with no affordable alternatives yet) but they refused to impose a tax on jet fuel which is known to be used by the ultra rich to fly their privates on the weekends (while they can afford high speed trains).
We should not just let money decide what's possible, when so many are still in need of basic necessities. Many could pay a 300% tax just to fly 10x a year across the globe (emitting many, many times the carbon footprint of an average household). How would that be fair, when the problem is not what people pay but how the planet is becoming inhabitable?