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by CameronNemo 1893 days ago
I like to think of it like this: am I going to give my money to a network of computers that will make heat and burn coal just to maintain a small global ledger, or will I give my money to an organization of people who will presumably try to build a better life for themselves and others, and maybe accidentally burn some funds along the way? I'm giving my money to people.
1 comments

So you only participate in IPOs? Otherwise you probably buying your shares from a market maker, which runs computers that make heat and burn coal to take advantage of a small difference between buy and ask price.
Comparing apples vs container ships.

With bank ledgers, the computation energy is a minimized side effect that does not even show up as a rounding error in the financial reports of companies, and they do tens of thousands of transactions per second.

For cryptocurrencies, burning the energy is a key feature - 100% correlated to the proof of work and increasing by design. This achieves handfuls of transactions per second with energy burn exceeding that of nations.

Children's cartoons make better representations of the real world than that post.