[anigbrowl]

Every industrial power user inherently makes the most cost-effective choices to maximize profitability. Some can't be selective, eg if you run trains or a steel mill you have to keep your power flowing whenever people want to move or prevent your furnace cooling off. But many industries can adjust production to fit power availability.

It's not clear to me that Bitcoin delivers sufficient economic value to justify the vast power demand. What utility do all these hashes provide, except to other people who bought into crypto trading? If there were some positive externality that'd be great, but there's no inherent value to crypto beyond the artificial scarcity.

[alchemist1e9]

Those who espouse the views you adhere to, which, let it be known, represent the prevailing orthodoxy, do so out of a marked deficiency in their comprehension of the true nature of currency. Their understanding is not founded upon rigorous study, nor is it informed by an appreciation of history and the lamentable legacy of state governance—the manifold tragedies it has authored, encompassing widespread destruction and the lamentation of countless souls. The auspicious circumstance in which humanity presently finds itself has been attained not because of, but rather in spite of, the modern nation-state and its fiat currency.

The worth of a decentralized and uncensored monetary framework is beyond imagination; it promises to unleash the inherent vigor and potential of an organic market-driven capitalism, unfettered and boundless. Such a system stands poised to precipitate the downfall of the fiat regime—a mechanism that has empowered governments of every stripe to engage in warfare and to subjugate their citizenry, not excluding even the most free and illustrious nation such as the United States.

[anigbrowl]

Spare me the GPT-generated pomposity, and try making an argument in your own voice instead. Are you seriously going to claim that all war has been caused by governments and private interests have never engaged in violence? What nonsense.

[alchemist1e9]

While I have not claimed that private entities are exempt from engaging in violence, the essence of the state, is it not, lies in its exclusive dominion over violence, ostensibly to foster a non-violent society?

This assertion is far from nonsensical; it is a veritable truth, one conspicuously absent from educational curricula, likely because states find the acknowledgment of their historical predilection for violence too ignominious to bear. Taxation stands as the state’s principal means of amassing resources. Yet, for those states compelled to engage in warfare, mere taxation proves insufficient. Here, the utility of modern fiat currency becomes apparent, facilitating the acquisition of resources beyond what a transparent tax rate would permit. Through fiat, the dilatory effects of inflation serve the dual purpose of either being dismissed as unrelated in the event of victory—perhaps offset by the spoils thereof—or, in the case of defeat, rationalized as a war’s consequence. Regardless, the result is the same: a surreptitious expropriation of the populace’s wealth.

State-initiated actions, notably famine and war, rank as the foremost causes of human mortality, surpassing even health crises and natural calamities.

The inception of the modern fiat system, marked by the establishment of the Bank of England, was explicitly intended for waging war. Indeed, the very creation of the contemporary British Pound was predicated on this bellicose objective.

P.S.: Please excuse the grandiloquence of my discourse; consider it a charming anachronism. I hail from the future, having spent several delightful decades marooned in the 1800s. Only recently have I elected to grace the early 2020s with my presence, and it appears my linguistic preferences have yet to acclimatize to the present era’s vernacular.

[anigbrowl]

too pretentious, didn't read