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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: cosmicforce who wrote (480058)	9/24/2021 5:23:49 PM
From: neolib	Read Replies (1) \| Respond to of 541099

It is definitely true that the current useful transactions done by crypto amount to an absurd waste of energy given the current methods used. Could that be different. Hell yes. Most my financial transactions are all digital currently have have been for a long time, and its quite safe and secure, and its done with very low energy consumption. If crypto thinks it can do better, Show me the money! general statement that it is "wasted energy" is absurd

To: cosmicforce who wrote (480058)	9/24/2021 10:11:43 PM
From: J_F_Shepard	Read Replies (1) \| Respond to of 541099

a Nobel prize was given to an IBM researcher (Carl Landauer) for it I think you're refering to Rolf Landaur from IBM Reseach.......although he received many awards, he did not get a Nobel.....

To: cosmicforce who wrote (480058)	9/25/2021 10:03:04 AM
From: Jamie153	Read Replies (2) \| Respond to of 541099

I have a vast array of interests and read every single day so don't try talking down to me. It won't work. Crypto currencies, MMT and tax cuts are the same BS. They're selling a con.

To: cosmicforce who wrote (480058)	9/26/2021 11:31:39 AM
From: Cautious_Optimist	Read Replies (2) \| Respond to of 541099

IMO the government and the people need to catch up to the tech; a secure government cryptocurrency backed by the treasury for the emerging "cashless" society is coming (perhaps too slowly, perhaps necessarily slowly.) The local, national and global aspects must be understood and well regulated, too much secret power concentrated is never a good thing IMO. Still many good people with flip phones or landline analog (and cash assets) must also be served in this long process. As with the billions of hidden poor on this planet.

To: cosmicforce who wrote (480058)	9/27/2021 6:31:50 PM
From: neolib	Read Replies (1) \| Respond to of 541099

I think you are WAY off here. Fundamentally, it is the cost of compute + the cost of energy that determines everything about crypto. If the price of bitcoin is significantly above the price of mining it (GPUs + energy) then more mining rigs get deployed because its profitable to do so. You seem to ignore the obvious... You seem to be fixated on this energy consumption issue. It is relevant only with regard to how energetic an alternative would be