Peyton Allworth on Nostr: Benifits of the network don’t just dwarf the cost of more carbon being released. It ...
Benifits of the network don’t just dwarf the cost of more carbon being released. It brings down the cost of clean energy and much of the energy that is carbon based(less then half the total energy use of the network) is utilizing waste energy that was already being spent. An example to look at is flaring being used for bitcoin mining.
Even if we start using less carbon based fuels we need to have more energy for poorer nations and have cheap enough energy for both carbon capture and desalination of salt water in the poorest areas in the world. This seemed like an impossible task until bitcoin mining. The faster bitcoin gets to the millions per bitcoin the faster these problems can be solved.
Going down the rabbit hole you may experience these different thoughts along the way
1. I wish bitcoin used less energy
2. The energy it uses is worth it because it’s necessary for bitcoin to be able to solve the problems it solves. Plus it is pretty clean energy for the most part that it uses
3. I hope bitcoin uses more energy, half the world’s energy going to bitcoin mining will make the best future for the next generations. Climate change alarmists are understandably concerned but also have no solution to efficiently pull carbon out of the air or handle the problems of the carbon just staying flat for 1000 years.
Number 3 can make you sound like a wacko to people who have not put in the proof of work though 🫠
Even if we start using less carbon based fuels we need to have more energy for poorer nations and have cheap enough energy for both carbon capture and desalination of salt water in the poorest areas in the world. This seemed like an impossible task until bitcoin mining. The faster bitcoin gets to the millions per bitcoin the faster these problems can be solved.
Going down the rabbit hole you may experience these different thoughts along the way
1. I wish bitcoin used less energy
2. The energy it uses is worth it because it’s necessary for bitcoin to be able to solve the problems it solves. Plus it is pretty clean energy for the most part that it uses
3. I hope bitcoin uses more energy, half the world’s energy going to bitcoin mining will make the best future for the next generations. Climate change alarmists are understandably concerned but also have no solution to efficiently pull carbon out of the air or handle the problems of the carbon just staying flat for 1000 years.
Number 3 can make you sound like a wacko to people who have not put in the proof of work though 🫠