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A comment on SEC asks for emergency order to freeze Binance US assets anywhere in the world. Parent comment

Re:SEC asks for emergency order to freeze Binance US assets ... by TeMPOraL on Wednesday June 07, 2023 @11:04AM (#36227708)
It's simpler than that. For a PoW blockchain based digital economy, the energy waste would scale much faster than the growth of said economy. There's lots of energy in space, but only so much of it is accessible at any given level - I would not like 99%+ of that to be dedicated to keeping the blockchain going.

Today, this may be increasing fraction of energy generation on the planet. In 50 years, this may be dedicated space satellites beaming energy from the sun. 500 years later, a Dyson swarm constructed for the sole purpose of keeping the blockchain going.

Nah.

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Re:SEC asks for emergency order to freeze Binance US assets ... by politician on Wednesday June 07, 2023 @08:46PM (#36235695)
Ok, “Nah” noted. But for the past billions of years, the same resources have been “wasted” throughout the entire uncountable universe. Dismantling a few planets around a few stars to build Bitcoin mining infrastructure is not remotely problematic for a K3 civilization, for instance. The argument that because humanity is wasting it it’s bad seems faulty.
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Re:SEC asks for emergency order to freeze Binance US assets ... by TeMPOraL on Thursday June 08, 2023 @04:30AM (#36238853)
The argument is that Bitcoin mining will asymptotically approach to taking all resources your civilization can access. Always stuck at 99.999...%, and only adding more 9-s.

So with K3 civilization, we're not talking about dismantling a few planets - but rather dismantling the neighbourhood galaxies.

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