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by rcxdude 949 days ago
BTC mining is the exact opposite of scalable: there's a fixed supply of BTC available to mining, so you can only pay for so many nuclear power plants with it. Even the entire bitcoin market cap is about enough for 20 nuclear power plants, optimistically (and that's ignoring the cost of the miners themselves, risk, etc, etc).
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Mining fees will more than cover mining costs when the block reward becomes negligible. The use case of balancing excess power generation and load profitably is real and would significantly reduce carbon emissions if understood & properly implemented. Instead of approaching with emotions, I recommend investigating ideas with an open mind.

Beyond that, bitcoin works and is here to stay. It is the first sovereign currency free from the tyranny of small minded rulers. It will always have significant and likely increasing value over time, and its pattern of value generation (bound to physics / energy) will always exist now in one form or another.

trust me, I have thought about it. I was enthusiastic about bitcoin early on, but I have become more and more pessimistic about it becoming a net good as time goes on. Especially this idea of it being useful for promoting green energy, especially a useful supply of green energy for the grid, just doesn't hold up much to scrutiny, especially at scale.