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by trident5000 1941 days ago
I can name 10 other uses of energy that could be categorized as "wasteful" which is completely subjective. From large homes with the AC cranked, to rendering of pointless video on youtube and social apps, to destination aeroplane travel, idle electronics, etc.

BTC for many is a way to stop central banks from eroding their lifetime savings which they paid for with their physical labor and time. Thats not a waste of energy in my opinion.
2 comments
PragmaticPulp 1941 days ago
Naming other wastes of electricity doesn’t make them all okay. Multiple wrongs don’t make them all write.

The narrative about central banks eroding life savings is greatly exaggerated by people who want us all to buy Bitcoin. Inflation raises the price of assets in general (virtually the definition of inflation), meaning virtually any non-cash investment will be buoyed by inflation. The idea that Bitcoin is the only way (or even a particular good way) to avoid inflation is a myth.

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trident5000 1941 days ago
Shaming electricity usage is just ass backwards. Future humans will take more electricity without question especially as AI ramps up (massive rendering). The key is to transform all energy to cater to that need. Neither one of us will determine what people use as a hedge, the market will.
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177tcca 1941 days ago
It's directly connected to lots of power usage today being from coal.
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trident5000 1941 days ago
So is all that crap you buy from China that you dont need which is manufactured using dirty power. BTC is mostly renewables and will transition completely as it becomes cheaper.
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mikosty 1941 days ago
>BTC is mostly renewables

Source for this?

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bluecalm 1941 days ago
If you want to defend against inflation buy stocks of major companies, land, real estate. Things that you know, are building blocks of our society wealth.

Buying into a token pool hoping you will be able to resell it for a bigger piece to people who want to enter as well is not something people should do in general.

BTC is terrible as currency fit many reasons. It has an advantage of skipping over regulations transactions in other currencies are subject to. How long it lasts is a speculation game. You can win at it but it's anything but "stopping central banks from eroding savings".

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