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Re:Why All Cryptocurrency Should Die in a Fire by fartcannon on Saturday May 14, 2022 @10:10AM (#31378074)
I don't have a horse in the race (there are other worse things that use more power that we should be focusing our concentrated effort on in my opinion) as I don't own any crypto but I do think there's some powerful PR being used and I'd like to see from where it originates.
Re:Why All Cryptocurrency Should Die in a Fire by wlll on Saturday May 14, 2022 @10:34AM (#31378310)
There's things that use much more power than crypto. The regular banking system apparently uses twice as much as bitcoin, but it actually does something. It's actually useful. We can try to trim power from other things for sure, and we should, but you tell me what other system we could focus on that uses so much power for such little value.
Re:Why All Cryptocurrency Should Die in a Fire by olalonde on Saturday May 14, 2022 @10:46AM (#31378448)
Of course, if you don't see the value in cryptocurrency, it will feel as though any electricity it uses is wasteful.
Re:Why All Cryptocurrency Should Die in a Fire by wlll on Saturday May 14, 2022 @10:56AM (#31378560)
Hence the call to point out things that are either better on the blockchain, or of value and that can be only made on the blockchain.

Then it's a case of discussing wether the power consumption is worth it.

So far in this thread all that anyone's come up with is "because I might want to send money to someone that my government has banned money transfers to".

I have previously asked elsewhere and got a load of answers which fall into the "technically can be made on the blockchain, but can be done far more efficiently and effectively using exisint tech", eg. carbon credit trading, and (rather surprisingly) "publishing a website".

Re:Why All Cryptocurrency Should Die in a Fire by fartcannon on Saturday May 14, 2022 @10:53AM (#31378534)
Oh. Well the banks are basically the worst so that seems to favour crypto.
Re:Why All Cryptocurrency Should Die in a Fire by wlll on Saturday May 14, 2022 @04:24PM (#31381969)
No, the banks use twice as much power for orders of magnitude more transactions per second.