Re:Fe – An emerging smart contract language for the Ethereum...
by camgunz on Sunday December 05, 2021 @07:19PM
(#29454742)
As I said in a sibling comment, the important metric is price, because of gas fees and mining profit incentives. Price goes up, more miners start up, difficulty increases, more carbon burned, Earth dead.
Also I/O here means adding a block, which is proc-bound, which roasts the planet.
Finally, video games have entertainment utility. Cryptocurrencies have no non-crime utility. It's not useful to compare the energy use of things that have utility to things that don't.
Re:Fe – An emerging smart contract language for the Ethereum...
by rglullis on Sunday December 05, 2021 @07:24PM
(#29454778)
Your sibling point about mining is a strawman against PoS, already responded.
As for "utility": You don't get to decide what is the utility and the value of what people do on the blockchain, just like we don't get to decide what is the value of playing GTA V or Minecraft.
Again, you are just wrong but too proud to admit it.
If you think that "Ethereum isn't popular", please explain why so many people are complaining about network congestion and network fees.
The "extra smart contracts" do not take processing power. The problem for scaling blockchains is on blockspace and network synchonization. It is I/O bound, not CPU bound.
Ethereum validators will not consume a lot more power based on its usage, and currently the energy consumption of eth validators is 10000x smaller than of the energy of consoles playing videogames.
You really don't know what you are talking about, but you will be too proud to admit it.