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

To: cosmicforce who wrote (480163)	9/27/2021 8:06:24 PM
From: neolib	Read Replies (1) \| Respond to of 541114

This is getting bizarre. Jamie objects to bitcoin because its an energy hog, and you want to segue to other areas of commerce. Bitcoin is money, not aluminum. The question is why does your money take so much energy to make? A kg of alumunim quite certainly has a fair amount of energy in it, whether recycled or from ore, but what sure as hell doesn't have that much energy in it is the $3 I use to buy it. But if I buy it with bitcoin, has way more energy in it. That is the point. For a little while you kept pointing out that public ledger based transactions don't have to be so energy inefficient. Very true. But the point remains that bitcoin, and 99% of all other crypto is all about mining it, which is 100% based on the cost of compute power + the cost of energy. Wailing that it might be different in the future doesn't change how it is now.