Read on Twitter
jesus christ https://twitter.com/vogon/status/1361056624316571648
So, for reasons which should hopefully be obvious, this isn't sustainable. So one day the bottom will likely (though not assuredly) drop out.
What then? What happens to all this equipment? People aren't just going to cut their losses and throw away billions of chips.
What then? What happens to all this equipment? People aren't just going to cut their losses and throw away billions of chips.
bitcoin is out here consuming more electricity than most countries (hundreds of them). which all really just turns into waste we dump into the air and oceans in the form of heat, emissions, and equipment.
all we get in return are more or less casinos.
all we get in return are more or less casinos.
I’m not worried about AI running amok because humanity already is
we’re paperclip maximizers, but with power, ego, and sex instead of paperclips
The Bitcoin apologists have turned my mentions into a trashfire, so I gotta turn off any further notifications.
"have fun staying poor" in response to a critique of the externalities of your grift is not the burn you believe it to be.
pointing out that other parts of global civilization also consume energy is not exactly a withering riposte, either. it's an admission.
pointing out that other parts of global civilization also consume energy is not exactly a withering riposte, either. it's an admission.
