Given that bitcoin is just one tiny piece of massive electric inefficiency in our world today, do you not see eliminating externalities as the goal at hand? I just don't see how you can possibly solve your worries without getting to the root cause. IMO electrical production emissions damaging 3rd parties is the problem and bitcoin outrage is the symptom. Eliminate bitcoin and something else maybe picks up the electrical slack, with no real assurance what it will be.
Re:Is Bitcoin Down or Just Me?
by SantalBlush on Monday January 10, 2022 @12:20PM
(#29878100)
>Given that bitcoin is just one tiny piece of massive electric inefficiency in our world today
We probably disagree on what "tiny" means.
It is often considered more wasteful than those other things you listed because the mining algorithm is designed to be wasteful; i.e., if people design faster mining chips, it doesn't make anything more efficient or increase economic growth, it just causes the hashing difficulty to increase among all miners. That is sheer stupidity.