Re:SourceHut terms of service updates, cryptocurrency projec...
by tossl568 on Monday October 31, 2022 @11:00AM
(#33406718)
Bitcoin mining secures hundreds of billions of value for hundreds of millions of people going back to the very first transaction. It produces security, a forcefield around a financial system, and the miners get paid to do that.
If Bitcoin is neutral as you say, it cannot incentivize renewable production. It can only induce energy demand and, consequently, seek out the cheapest energy on the market. It doesn't get to sit on any laurels for that, any more than car manufacturing or aluminum refinement would. Except, of course, that those actually produce things.