[labrador]

> The drama against cryptos and their energy consumption is unproductive

Why is it "drama" to put forth arguments against crypto and why is assessing pros and cons less productive than any other argument on Hacker News? Making a statement like that marks you, at least in my mind, as a true believer.

[ea550ff70a]

Because it has being going on since it's inception and nothing has changed because the dynamics of how it operate are not the same as other industries. Hence drama, because the approach of trying to take down mining has not worked and is unproductive at the end of the day if the goal is to reduce carbon emissions. And yes I am also a crypto enthusiast so put me in the believer camp.

[labrador]

Every true faith welcomes doubts and questions as a way of either strengthening faith or finding out the one's faith is misplaced. Organizations that are hostile to questions and criticisms are cults.

[ea550ff70a]

I agree with literally all the problems in the criticism presented here. I think the problems are real as well. My only issue is that the approach to solve some of the issues generated in crypto industry are either not practical, sustainable, or effective, hence my criticism of the criticism presented in this thread. I don't like the idea of insane power consumption, specially when coming from non renewable sources. But at the same time I also recognize that the incentives built into the protocol (BTC specifically here) are stronger than the environmentalist approach of either killing the industry or moving to POS (which has not been proven to work at scale or in the wild outside a testnet yet). Which is why I think that a better approach is to guide the industry into ONLY using and incentivizing renewables.