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A comment on Fe: next generation smart contract language for Ethereum. Parent comment

Re:Fe: next generation smart contract language for Ethereum by cflynnus on Tuesday December 06, 2022 @12:57AM (#33876406)
> the ruinous consequences if a Proof-of-Work-based currency were to rapidly overtake the current payment networks, in terms of the cost of electricity and environmental impact.

https://endthefud.org/energy

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Re:Fe: next generation smart contract language for Ethereum by jchw on Tuesday December 06, 2022 @01:11AM (#33876468)
I've read a few of those and it's extreme copium. For example, many of them point out that the Bitcoin network can use renewable energy. Yeah sure, except for one problem: So can everything else. If Bitcoin uses some amount of renewable energy, that's less renewable energy to go around. This basically only matters in places that are powered entirely by renewables...

The most ridiculous point I've seen by far is the idea that actually, energy is not "wasted", because it's actually generating heat. It is true that computers are 100% efficient space heaters, but that's not the point.

The point is that if you scale the Bitcoin network up, it would put tremendous strain on the energy grid. That's not FUD at all!

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Re:Fe: next generation smart contract language for Ethereum by cflynnus on Tuesday December 06, 2022 @01:17AM (#33876495)
https://www.newsweek.com/bitcoin-mining-track-consume-worlds... "Bitcoin Mining on Track to Consume All of the World's Energy by 2020"

Yep we've heard this all before.

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Re:Fe: next generation smart contract language for Ethereum by jchw on Tuesday December 06, 2022 @01:57AM (#33876675)
Haha. True: you definitely don't have to worry about Bitcoin consuming all of the world's energy, though it's not for reasons that make your case better...
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Re:Fe: next generation smart contract language for Ethereum by Nursie on Tuesday December 06, 2022 @01:31AM (#33876558)
But that doesn't make it false Or 'FUD', it just means you've decided not to care.
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Re:Fe: next generation smart contract language for Ethereum by actionfromafar on Tuesday December 06, 2022 @04:10AM (#33877359)
Bitcoin vs. Gold mining

Bitcoin vs. Meth Cooking

Bitcoin vs. Yellow Cake Snorting

etc

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