- Joined
- Sep 23, 2020
- Messages
- 8,481
- Reaction score
- 10,443
"I am an Energy and Economics guy."I'm not a climate guy. I think all of that is way overblown. I am an Energy and Economics guy. I work with most of the U.S. Nuclear Plants and at very high levels of the U.S. DOE and have for close to two decades. Do you seriously want to argue that 127 TWh of energy a year isn't absolutely insane and doesn't drive up inflation for everyone? I hate just being a rock thrower. I almost always come with a solution if I am critical of something, but I don't have one yet. I am going to have to work with my staff, who are solving another amazing problem and nearly completed it, before I lobby for us to consider a replacement for Block Chain which is pure energy insanity. I think Block Chain is clever, but highly impractical in an energy challenged world. Al Gore, Jr. can eat a dick... well that goof would probably like it, but that's not my business.
Either share an argument of why that energy demand is worth it, or you're the one without an argument.
How much energy do banks and credit card consume? I am not an energy guy but you throwing out an number (estimate?) doesn't tell me a story. Is it a big number? Yes. Does bitcoin use a lot of energy? Yes. Is it worth it? I believe so. I think the current system is slowly breaking down and I don't see serious solutions being talked about. The U.S. Dollar and other currencies need to be replaced and bitcoin is a better standard than the U.S. Dollar.
"Do you seriously want to argue that 127TWh of energy a year isn't absolutely insane and doesn't drive up inflation for everyone?"
I've adressed the first part of the question and don't necessarily agree with the second part. I think BItcoin will drive the demand for more energy and innovation and new ideas as well (i.e. solar, wind, etc.....).
Bitcoin is worth more than Berkshire Hathaway, Facebook (Meta) and Tesla. Ethereum is worth more than Coca-Cola, Bank of America and Disney. I know people on here just say bubble, bubble or lol, lmao....stuff like that. Is it possible that Bitcoin, Ethereum and others are filling a need in this world? I think so.