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You can’t choose the kind of energy Bitcoin gets made with. It’s produced worldwide and mining moves to wherever energy is cheapest, which ends in a race to the bottom.

> What you call energy waste others would call effort

This is my whole issue with it - effort doesn’t have to be tied to wasting energy, but it is in Bitcoin. Why would people call wasting energy ‘effort’ in a system where wasting energy wasn’t intrinsic to the system itself.



Nobody has been able to come up with an equivalent alternative. The closest seems to be proof-of-stake instead of bitcoin's proof-of-work, but the security becomes weaker (which is basically the whole purpose of bitcoin), see https://bitcoin.stackexchange.com/questions/70807/how-does-p...

Is PoS strong enough to still be 99% as useful?, I don't know, these are all experiments


Well it depends on what you are looking to achieve.

If you are looking for it to be a currency, traditional currency seems to perform better.

If you are looking to invest in some speculative instrument on the basis that the value is going up then Bitcoin and poppies seem to be good ideas.


It's not wasting energy, it's consuming previously wasted energy. In fact it puts a floor under energy prices so that it rather than wasting energy that you can't get to consumers you can instead use it to mine bitcoin.

Nic Carter has a good piece on this: https://www.coindesk.com/the-last-word-on-bitcoins-energy-co...




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