• Krauerking@lemy.lol
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      8 months ago

      Dude it wasn’t from a reasonable place if you immediately swing to screaming about masters like a delicate snowflake because people don’t like your MLM.

      The conversation is about bonfire of resources this speculative “free” asset uses and you weren’t asking in earnest you just wanted a win that your blaze wasn’t the the only one.

    • deafboy@lemmy.world
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      8 months ago

      I never liked this kind of argument, because if bitcoin ever becomes truly mainstream, the similar ecosystem will grow around it in addition to the mining itself.

      We really should focus on the renewable energy sources rather than argue who burns how much and for what reason. There’s a price mechanism (albeit flawed) for that.

      • O_i@lemmy.world
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        8 months ago

        I totally understand, I’m tired of having the conversation as well. In the video I posted earlier it sheds light on how renewable energy companies can be incentivised to add mining bitcoin to their process. Has a lot to do with modern tech and how energy is used/distributed.

        Example of a mining company working with the Navajo nation in the US adding solar panels.

        https://finance.yahoo.com/news/bitcoin-mining-in-navajo-land-yields-jobs-revenues-while-revealing-economic-disparity-195141438.html

      • prole@sh.itjust.works
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        8 months ago

        No. If a crypto were adopted at that scale, it wouldn’t be proof-of-work, so there would be no “miners” and (comparatively) no energy consumption whatsoever.

        • deafboy@lemmy.world
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          8 months ago

          There is no clear advantage of proof of stake cryptocurrencies compared to blockchain-less centralized databases. IMHO It’s either Bitcoin, or PayPal 2.0

          edit: But since people tend to be weird, maybe no advantage is needed…

        • Honytawk@lemmy.zip
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          8 months ago

          If what you said was true, Bitcoin would already have given its place to any of the proof of stake coins.

          But it hasn’t because it won’t. Crypto people only care about becoming rich, so to them the technology behind doesn’t matter. And there is much more money to make using Bitcoin than the rest.

    • Honytawk@lemmy.zip
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      8 months ago

      The amount of energy the banking system uses is linear.

      The amount of energy crypto uses is exponential.

      It really isn’t the argument you think it is.

      • Krauerking@lemy.lol
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        8 months ago

        Lol. Fucking batcoinz? That’s the source? Also love that you have to pay to read this random guys musings about bitcoin. The way to make money in Bitcoin is still mostly selling others on Bitcoin.

        What a slow burn of a pyramid scheme.

        • O_i@lemmy.world
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          8 months ago

          I encourage you to read more. If you’re using lemmy then you should already understand the core concept of bitcoin (not crypto/shitcoins)

          • Krauerking@lemy.lol
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            8 months ago

            LOL I understand it just fine. I have made some money on it too.

            Still a pyramid scheme. But so engrained that I’m not sure it will ever truly die because someone else will be along to swear it’s worth it cause of how much time, effort, money, and the energy of a small nation that was put into it.

            But oh man “uhh Bitcoin isn’t like all the other crypto which is worthless scams” lol

            • O_i@lemmy.world
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              8 months ago

              Could you explain how it’s a pyramid scheme? General curious as no one owns it

            • O_i@lemmy.world
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              8 months ago

              You’re right I shouldn’t have lashed out, just frustrated. I’ve posted links to support my argument, not everything is black and white and some bad actors will always taint any good work done in any industry.

              P.s I started swinging after everyone’s comments. Note the edit portion of my post

        • glowie@h4x0r.host
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          8 months ago

          The link isn’t the sources but merely a conduit for the cited information. Also, you don’t have to pay to read it. Clearly you didn’t see the “continue reading” link to get passed the popup.