Cryptocurrency: Energy and E-Waste Memes Are FUD Propaganda Spread by Dying GovBankCorp
grarpamp
grarpamp at gmail.com
Tue Jun 27 01:17:49 PDT 2023
Forbes in 1999 saying that the internet is terrible because it uses so
much power. Sounds familiar?
https://www.forbes.com/forbes/1999/0531/6311070a.html
All global banking, central banks, govts, their useless staff etc,
all still use far more than crypto ever will. Shut them down.
[–]coinfeeds-bot 29 points30 points31 points 4 days ago (6 children)
tldr; The Internet may someday save us bricks, mortar and catalog
paper, but it is burning up an awful lot of fossil fuel in the
process, according to a report. "The digital age, it turns out, is
very energy-intensive. Under the PC's hood, demand for horsepower
doubles every couple of years," the report said. "We are using more
chips -- and bigger ones -- and crunching more numbers," it added.
This summary is auto generated by a bot and not meant to replace
reading the original article. As always, DYOR.
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[+]Schwickity comment score below threshold-19 points-18 points-17
points 4 days ago (4 children)
Smart phone uses like 5 cents of electricity a year
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[–]alive1 31 points32 points33 points 4 days ago (2 children)
Thing is, your smart phone is connected to a long and intricate series
of infrastructure that in total accumulation burns an incredible
amount of energy.
But your analogy is the perfect representation of a
hyper-individualist saying "I don't rely on anyone, why should anyone
rely on me?" -- like yeah, maybe you learned to tie your own shoes but
someone made those shoes for you. Just like a smartphone would be
completely useless without the rest of the internet backing it up, any
one human would be completely lost without a whole society helping
them to exist.
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[–]JakAllen3141 1 point2 points3 points 3 days ago (0 children)
Facts.
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[–]Aerith_Gainsborough_ 0 points1 point2 points 2 days ago (0 children)
any one human would be completely lost without a whole society
helping them to exist
So you are just your circumstances, nothing more.
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[–]sylsau 10 points11 points12 points 4 days ago (0 children)
It's always the same with a major technological disruption.
The general public doesn't see the advantages of adopting it. The
media oppose it and come up with reasons to avoid it, which then seem
totally stupid.
The same thing will happen with Bitcoin!
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[–]DaBTCStd10yrsredditor for 2 weeks 32 points33 points34 points 4
days ago (25 children)
yeah, and now nobody talking a thing about amazon, google, Microsoft,
meta, ibm,.... all of them with their centralized mega-servers racking
up billions of kWh every year, that's seem fair to our liltle p2p
electronic cash system, right? RIGHT?
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[–]AlienPearl 11 points12 points13 points 3 days ago (0 children)
They buy carbon credits, everything will be all right 👍
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[+]TopDasher4Life comment score below threshold-28 points-27 points-26
points 4 days ago (23 children)
They actually create value beyond hosting the worlds largest casino.
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[–]ScarPersonal 20 points21 points22 points 3 days ago (14 children)
If the last few years hasn’t taught you that we need sound, trustless
money, then you are living under a rock
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[+]TopDasher4Life comment score below threshold-17 points-16 points-15
points 3 days ago (13 children)
It’s not money if you can’t lend in it. 75% of household expenses are
mortgage, auto loans, and credit card. Bitcoin has had 10+ years and
has made zero headway in this. Plus… no one would be willing to accept
Bitcoin as salary, no banks accept Bitcoin deposits (or gold deposits
for that matter), and no country or even community has made any
cryptocurrency their sole currency. Probably because countries like to
be able to exercise fiscal policy to manage inflation as much as
possible. Where I live, a very tech savvy Seatte, WA, I can more
easily take my graded and authenticated Ken Griffey Jr card and
purchase things with it than I could get businesses to accept bitcoin.
Someone tried to tell me that there are bitcoin debit cards where you
can use them at businesses, but I can guarantee you that requires a
sale of bitcoin into fiat because Bitcoin is not a recognized currency
by anyone outside of its religious holders who are in it for the
potential gain in its value. I feel bad if you believe that bitcoin
can even stabilize in value. It’s like you can’t read a basic chart.
Well, I am not one to diss someone else’s religion. Take care.
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[–]ScarPersonal 16 points17 points18 points 3 days ago (11 children)
It’s incredible how wrong you are. Almost everything you said is 100% incorrect.
Countries are adopting it
Businesses are adopting it
Loans and financial services are available and exponentially growing
Why don’t you try educating yourself instead of spouting lies on Reddit?
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[–]DaBTCStd10yrsredditor for 2 weeks 4 points5 points6 points 3 days
ago (0 children)
I think he's a buttcoin member, don't know why he's here, Bitcoin doesn't care
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[+]TopDasher4Life comment score below threshold-8 points-7 points-6
points 3 days ago (9 children)
You are lying. Name a country who has a crypto as a primary currency.
Name a brick and mortar business (not online) that primarily is
accepting bitcoin. Name a single chartered financial institution in
the US with crypto on its balance sheet.
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[–]ScarPersonal 12 points13 points14 points 3 days ago (8 children)
El Salvador
a large number of restaurants and small businesses around the
globe, micro strategy, Tesla (for a time), Ledn, hell even Real Estate
transactions have been completed in bitcoin.
Caitlin Long has been trying to get a bank approved that has a
bitcoin focus but has faced opposition from the fed. But it’s a matter
of time
Blackrock and many other large institutions have filed for Bitcoin ETFs.
Just because you’re burying your head in the sand and ignoring reality
doesn’t mean you are correct.
It’s not a religion, but it is the solution to many of society’s
problems today. You will see.
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[+][deleted] 3 days ago (7 children)
[removed]
[–]ScarPersonal 5 points6 points7 points 3 days ago (6 children)
I’m not reading all that.
Your weird & obsessed. And wrong. But you’ll learn eventually
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[+]TopDasher4Life comment score below threshold-7 points-6 points-5
points 3 days ago (5 children)
I have been following bitshit since 2010. Nothing has changed. No
countries, no businesses, no loans, no banks… it’s all a casino. Pump
and dump. Keep believing in adoption though.
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continue this thread
[–]Wesley-Kenneth 5 points6 points7 points 3 days ago (1 child)
What’s the name of the casino being hosted?
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[+]TopDasher4Life comment score below threshold-7 points-6 points-5
points 3 days ago (0 children)
Bitcoin
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[–]jelloshooter848[S] 1 point2 points3 points 3 days ago (4 children)
How is the bitcoin network a casino?
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[–]Ok-Abbreviations6442 2 points3 points4 points 3 days ago (2 children)
Don't worry, it just looks like Buttcoin left the barn door open by
mistake. One of them got out.
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[–]jelloshooter848[S] 1 point2 points3 points 3 days ago (1 child)
I looked at his history briefly and didn’t see any recent buttcoinery.
I think he’s actually just a shitcoiner. Most shitcoiners either
become bitcoiners or buttcoiners eventually though.
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[–]HollandCoilCo 1 point2 points3 points 3 days ago (0 children)
Because his dumbass lost money from selling
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[–]armsdev 8 points9 points10 points 3 days ago (0 children)
People can't look at new tech having old mindset.
I've met people in my life speaking, reviewing or judging on tech that
they were unable to understand, cause they couldn't get out of the box
with their mind. They only could repeat quotes they heard or seen in
media, or they were simply spreading misinformation, because that was
to their financial benefit.
The good thing is that: Who wants - joins; who doesn't want - can be
simply ignored.
Nobody in this community is obligated to enlighten others. Be your own
advocate, mind your own business. You can't save everyone. Save
yourself and that will be more than enough.
At certain point Bitcoiners might have financial advantage over the
other people. That is fine as well. Don't feel guilty for your friends
or families who chose to stay with FIAT - it's their choice. Respect
that.
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[–]suidoc 8 points9 points10 points 3 days ago (0 children)
CTRL+H replace Internet with Bitcoin. There you go Forbes.
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[–]Full-Guide-7713 4 points5 points6 points 3 days ago (0 children)
This article makes it clear that this whole internet thing is
extremely unsustainable and it’s eventually going to fade away and
everyone is going to forget about it.
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[–]Otherwise_Control_53 2 points3 points4 points 4 days ago (3 children)
Honestly if everyone had got pcs it might have been a bit of a
problem. That didn't happen though and smartphones and laptops use
1/10th the electricity. In the past nobody had pcs and in the future
it seems likely that most people won't either. The 90s was probably
the time of peak pc ownership. If it had been a significantly higher
peak it might have stressed the grid but that didn't happen.
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[–]jelloshooter848[S] 5 points6 points7 points 4 days ago (1 child)
I think the point was more about the amount of power servers and
business pc’s use more than home pc’s
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[–]Otherwise_Control_53 -1 points0 points1 point 4 days ago (0 children)
It talks about pcs and I do think that is the right issue to focus on.
There aren't that many data centers.. yes they use lots of electricity
but say it's equivalent to the extra consumption for pcs for 100k
homes.. and maybe there's 1000 such DC's worldwide. Converting homes
from incandescent lightbulbs to led saved a shit load of power and
basically allowed us to get by without building lots of new power
plants.
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[–]bitsteiner 2 points3 points4 points 4 days ago (0 children)
ICT electricity consumption is growing faster than overall electricity
usage. It will consume up to 20% of all electricity by 2030 (currently
up to 10%). Your smartphone is just a front end device, it wouldn't
work without all the data centers providing services. In addition
lower cost and higher efficiency open the market for more applications
and more users (even in Africa almost everyone has a phone now), which
have the opposite effect, driving resource usage up, not down (rebound
effect, Jevons Paradox).
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[–]Si1entDruidredditor for 5 weeks 1 point2 points3 points 3 days ago
(0 children)
They failed to consider the technological advancement
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[–]falsejaguar 1 point2 points3 points 3 days ago (1 child)
It's a funny concept. If people pay for their electricity it's no
problem. Period. Makes zero sense to even consider the power
consumption at all. If we need more power, generate more power. Done.
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[–]STOCKSLAYER710 -1 points0 points1 point 3 days ago (0 children)
😂
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[–]sebikun -2 points-1 points0 points 4 days ago (0 children)
I mean they are not absolutely wrong. Just look at the sub today or
watch the kids.
Everyone is fucked up through social media and we know it and pretend,
it's okay it's not that bad.
Still you can't stop innovation, best we can,is to learn to live with
it, accept it and find a healthy way and this takes time. A lot of
time
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[–]Ambitious-Union-4318 0 points1 point2 points 3 days ago (0 children)
Looks like Forbes needs to catch up with the times again. Don't they
know Bitcoin already solved this problem?
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[–]zTeve_0 0 points1 point2 points 3 days ago (0 children)
Compare how much electricity Wall Street or Madison square Gardens
uses this whole argument is idiotic
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[–]okasiyas 0 points1 point2 points 3 days ago (0 children)
«The current fuel-economy rating: about 1 pound of coal to create,
package, store and move 2 megabytes of data.»
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