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by yieldcrv 1480 days ago
Interesting rationale, unfortunately I am not able to see it this way - being more like the Amazon itself who can only see it from the technical way - so lets look at why I can't see it that way and why I find it counterproductive.

Bitcoin is more than transactions, and it is more than onchain transactions, and it is more than its layer 2 transactions which I don't think we can quantify.

It has a much greater use as collateral. It has a much greater use as a reference value for derivatives (sometimes where it is also collateral, sometimes where it is not). As collateral several orders of magnitude more transactions occur - just onchain! And offchain, several orders of magnitude more.

I would say (even if we weren't seemingly in a debate) that none of this justifies its energy use, but only because that is a completely separate phenomenon. Barring any alternative solution for that, I lead to focusing on putting its energy use where it is most applicable and sustainable. Primarily at flare gas mining sites that don't pull from the grid.