You don’t need. I need and a few others too. Bitcoin works great.
Edit: oh, and no, it doesn’t waste anything, all the energy is used with a purpose and maximum efficiency.
1,522 karma · joined August 18, 2011
Edit: oh, and no, it doesn’t waste anything, all the energy is used with a purpose and maximum efficiency.
Your dislike of it doesn’t change laws of physics.
This is just nonsense because, for instance, each LN hub can configure how much processing it wants to take on by focusing on most profitable subgraph.
In the end, LN will be processing more and more payments and you will keep ignoring that fact and claiming that it can’t scale. This has been happening for years already.
either you were led to believe it's only personal responsibility of direct consumers to account for the costs of climate change, or you were paid to propagandize that claim.
if first - you're wrong, if second - i'll leave it unsaid.
Neither of those requires unsustainable energy production.
> We're going to [do thing to fix problem] and make [maligned entity] pay for it!
Got other ideas to address externalities? Or are you just like all libertarians going to pretend they don’t exist until it’s too late and nothing can be done about it?
Do you drink oil? Do you eat it? Does your organism require it, so that you create this supposed INHERENT DEMAND FOR OIL? Of course not, but given how dishonest you’ve been so far, I foresee you trying to find some roundabout way to argue even that position.
> you're unhappy with that and you want the government to step in and force them to switch to zero carbon gas.
No, I want government to reduce profits of those who benefit off destroying the environment and use that money to subsidize environmentally friendly produce for consumers who wouldn’t be able to afford it.
Profit maximization requires them to use the cheapest method if they can get away with it.
> they won't emit greenhouse gasses if there's a market for non greenhouse gas emitting products
Except for pretty much the entire market of products that exist currently, you mean?
> I know for a fact that organic products have better margins than conventional ones
Right, because the 5-10% of consumers that are able to afford it and are shamed into “personal carbon footprint” mindset choose to take on economic harm in order to produce even more profits for the same scammy corporations that often own those “eco-friendly” brands.
It’s mind boggling you don’t see anything wrong with all this.
Except profit maximization, you mean?
> if consumers don't want something inherently ghg-intensive, they’ll have to pay higher price.
And they will, that’s the point. Doesn’t shift an ounce of blame off of corporations to customers - they will proceed to destroy the environment because short term profits are more important than long term survival.
Edit: dropped a word
Win-win, isn’t it?
Second, virtually nothing consumers require is inherently ghg-emitting, it’s just the cheapest way to satisfy the need, which is why trying to satisfy in a less ghg-intensive way is economically unviable until you start punishing ghg-intensive processes.
There is zero blame on consumers as I see it - they want something inherently ghg-intensive, they’ll have to pay higher price.
Incentives work on all levels but you need to start with the source - producers. They must pay for externalities.
Why are you so sure about that? Both are harmful, Facebook is bigger.
- a mathematician
> gambling is not my gig
i find it hard to reconcile the two?
> Someone once wrote that Bitcoin also has executable code so that's on my list to investigate.
yes, bitcoin doesn't even have a way to do payment without going through bitcoin script.
it's all in active development. there are more convenient languages that compile into bitcoin script, like miniscript and sapio. and finally there's rootstock project that allows running ethereum contracts directly on double-pegged bitcoin sidechain.
> I wish Elon Musk well, but he's only human
s/only/the richest (briefly)/
a wise man one said - with great power comes great responsibility. elon seems to enjoy shittalking and flip-flopping on topic of various cryptocurrencies that it's crossed (for me) the threshold of market manipulation for personal gain.
fundamental value doesn't matter for short term speculative trading. if you're coming at it from this angle - chance that you'll learn anything about fundamental value of bitcoin is quite low.
just shows how hopelessly moronic he is on this issue and how surface-level his understanding of what is valuable about bitcoin is.
https://nationalpost.com/news/russian-satellite-image-of-mh1...