Bitcoin is Stupid and Does Not Deserve an Emoji
thedabbler.patatas.ca

35 crypto companies got together to make a change dot org petition called “Bitcoin Deserves an Emoji”.

F that

    • cygnus@lemmy.caEnglish
      114·
      3 months ago

      No, because the rest of us have to deal with the environmental destruction wrought by your virtual paperclip maximizer. it affects everyone.

      • shortwavesurferEnglish
        52·
        3 months ago

        Fine, go after the industries that are doing more, such as industrial processing for making glass and other things that require high temperatures, the global transportation industry, etc.

        • cygnus@lemmy.caEnglish
          94·
          3 months ago

          Why would I “go after” an industry producing something useful, rather than grifters powering GPUs to do absolutely nothing of value? We can get to the glass industry once we’ve culled the useless garbage first.

          • shortwavesurferEnglish
            54·
            3 months ago

            Monero is CPU based. And actually we are providing something of value in that we are providing a private currency not controlled by any government where no government can tell you you can or cannot use it because they have no power to stop you from doing so. Now, whether you believe that is something we need in this world or not is a different value set.

            • alcoholicorn@lemmy.mlEnglish
              32·
              3 months ago

              no government can tell you you can or cannot use it because they have no power to stop you from doing so

              I mean they can kick down your door and seize or hack your PC. That threat is enough to stop most people, making the currency pretty useless in countries that have cracked down on it.

              • shortwavesurferEnglish
                52·
                3 months ago

                If the goons are kicking down your door, there’s not a whole lot you’re going to be able to do to stop them from doing so, because they will find something against you. On average, the typical US adult commits three felonies per day. So if they want you, they will get you. Obviously, that’s done by making more and more things illegal to make more and more people criminals.

        • explodicle@sh.itjust.worksEnglish
          1·
          3 months ago

          Why should we care what they go after? If they regulate or tax mining, that’s just a difficulty adjustment that won’t impact our security budget.

          There’s a Pareto improvement to be had here.

      • sugar_in_your_tea@sh.itjust.worksEnglish
        42·
        3 months ago

        Monero is mining-resistant, which means mining farms are going to be unprofitable. The people mining Monero are regular enthusiasts, so that should mean there’s less wasted energy from a ton of people competing over the same number of coins. Oh, and Monero has no maximum block-size, which keeps transaction costs low (which means even less competition over mining).

        I don’t know of a good way to estimate Monero electricity usage, but I’m guessing it’s way less than Bitcoin has per transaction, or at least it would be if they had a similar number of transactions. Monero is a lot more complex currency (so one transaction will actually spawn a bunch of “fake” transactions), but that mining-resistance is doing some work.

        Here’s Monero’s webpage, which has some discussion on energy usage, which I think I’ve summarized well above.

      • 0x0@programming.devEnglish
        64·
        3 months ago

        Your comment costs data-center energy, please help save the environment by not commenting.