Bitcoin making computers more EFFICIENT & powerful making the world save ENERGY? - page 2.

BlackHatCoiner

legendary

Activity: 1512

Merit: 7340

Farewell, Leo

Quote from: LegendaryK on June 13, 2022, 11:07:33 PM

Bitcoin is a huge energy waster, mainly because no matter how much energy they use, it does not increase it's security

This is false. The more the energy that is used, the greater the difficulty. The greater the difficulty, the more infeasible it is to conduct a 51% attack, and therefore, the greater the security.

Quote from: LegendaryK on June 13, 2022, 11:07:33 PM

speed, or transaction capacity.

Good. That's how it supposed to work. It shouldn't have variable block sizes or block intervals.

Quote from: LegendaryK on June 13, 2022, 11:07:33 PM

[altcoin gibberish]

Do you deliberately try to make it sound as you hate the Bitcoin community? If you do, leave it, we've already debunked your weak arguments and you're constantly ignoring us. There's no point to continue whining about PoW in here, you're only stultifying yourself.

It's contradictory that you keep calling them "altcoins", though. Alternative to what? Roll Eyes

tadamichi

full member

Activity: 168

Merit: 421

武士道

Quote from: LegendaryK on June 13, 2022, 11:07:33 PM

Every altcoin outperforms btc and every altcoin uses less energy even the other proof of waste coins like ltc.

If your measure of scale is being a useless ponzi token, then yeah every altcoin is outperforming Bitcoin in uselessness by a lot. Handling many transactions and consuming less energy is easy when you’re centralized and no real achievement, because they’re even more inefficient at this than our legacy finance system.

And it’s nice to have nice stats about scalability on paper, but it doesn’t matter when no one actually uses ur token, because it’s whole purpose is to serve some weird VCs and not actual people.

Being decentralised has its energy cost.
It can’t be reduced by feelings or cool marketing lines, if you’re ruled by your emotions go ahead and keep closing your eyes, but it won’t change reality.

LegendaryK

member

Activity: 280

Merit: 30

Quote from: remotemass on June 13, 2022, 01:50:04 PM

Hey,

How good is the argument that bitcoin is actually making the world save energy since it is pushing the limits of computer technology making computers more efficient and powerful and so having an overall positive impact in saving the world?
Is that a convincing argument to those that say that bitcoin is a huge waste of energy?

- remotemass

It has no effect on real computers, asics only mine btc , and nothing else.
So the argument is false.

Bitcoin is a huge energy waster, mainly because no matter how much energy they use, it does not increase it's security, speed, or transaction capacity.
Every altcoin outperforms btc and every altcoin uses less energy even the other proof of waste coins like ltc.

tadamichi

full member

Activity: 168

Merit: 421

武士道

Quote from: remotemass on June 13, 2022, 01:50:04 PM

Hey,

How good is the argument that bitcoin is actually making the world save energy since it is pushing the limits of computer technology making computers more efficient and powerful and so having an overall positive impact in saving the world?
Is that a convincing argument to those that say that bitcoin is a huge waste of energy?

- remotemass

I get where youre coming from.

But first Bitcoin uses ASICS not regular computers, so it doesnt directly make computers better. But it also doesnt hurt to have more production sites that could produce computer parts around, just in case.

Second, Bitcoin also uses its fair share of energy. But the economic incentives surrounding it, actually help to produce more cleaner forms of energy. Saving on energy wont work in general on the big scale, we need an abundance of energy for it to be cheap for everyone.

The better argument would be to say that Bitcoin helps us to tackle the issue of energy scarcity, by subsidising the creation of new energy sites and providing a buyer for renewable energy 24/7. During peak demand it can also provide energy to the grid(means cheaper electricity for everyone close).

But also dont forget that emotional people are immune to rational arguments, so good luck convincing anyone.

darkv0rt3x

hero member

Activity: 1274

Merit: 681

I rather die on my feet than to live on my knees

Adding to what @BlackatCoiner said, we all know that current fiat finance system wastes way more energy than Bitcoin by realllyyyyy far! And if you think that it's a collapsing system, they you don't need many more arguments.
If one chooses to say out, then, HFSP!!!

TheNineClub

full member

Activity: 616

Merit: 161

Quote from: remotemass on June 13, 2022, 01:50:04 PM

Hey,

How good is the argument that bitcoin is actually making the world save energy since it is pushing the limits of computer technology making computers more efficient and powerful and so having an overall positive impact in saving the world?
Is that a convincing argument to those that say that bitcoin is a huge waste of energy?

- remotemass

It's a good argument to an extent, and that is that BTC is a part of the emerging technologies that are pushing the limits of computing and demanding for computer tech to keep up with it's demands. So it's definatelly not the only thing, but it's in the category with other new techonlogys and social developements.

Welsh

staff

Activity: 3304

Merit: 4115

Pretty poor argument. Bitcoin isn't really making computers more efficient for one. The development of miners is somewhat separate as they're doing it for a particular purpose. General computers which run our money system, and most other industries are what you'd consider general computers, which don't need the processing power or the hardware that a miner or a gaming machine would need. So, the effect of Bitcoin on advancement of technology, at least when comparing general/personal computers is negligible.

However, BlackHatCoiner's argument is a little more compelling. No one's done the Math, because the data would be hard to collect, but it takes common sense to see how much our current mainstream currency is using to stay afloat. Especially, now we're making the move to digital money, rather than predominately physical money. Although, even the latter has some pretty harmful effects to the environment in itself.

BlackHatCoiner

legendary

Activity: 1512

Merit: 7340

Farewell, Leo

I wouldn't say so.

If a person isn't yet convinced that an internet currency that works 24/7/365 without borders, without censorship, without risk of confiscation, without the danger of central point's abuse, without inflation risk, more efficiently, effectively, cheaply, privately, faster than the already existent electronic forms of money, requires less energy than them and still thinks it's a bad idea, he's not going to be convinced about improving technological efficiency either.

The problem lies with him. Not with you.

remotemass

legendary

Activity: 1122

Merit: 1017

ASMR El Salvador

Hey,

How good is the argument that bitcoin is actually making the world save energy since it is pushing the limits of computer technology making computers more efficient and powerful and so having an overall positive impact in saving the world?
Is that a convincing argument to those that say that bitcoin is a huge waste of energy?

- remotemass

Topic: Bitcoin making computers more EFFICIENT & powerful making the world save ENERGY? - page 2. (Read 380 times)