What happens to Bitcoin when free energy is available? - page 6.

ElectricMucus

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Quote from: Cranky4u on July 25, 2012, 10:17:25 PM

Quote from: Joric on July 25, 2012, 09:37:49 PM

Quote from: Koekiemonster on July 25, 2012, 06:36:21 PM

Quote from: Cablez on July 25, 2012, 06:31:41 PM

What energy is free? Like hamsters going in a wheel?

If they wouldn't eat.. Damn, I pay almost less for my own dinner..

Heard someone just tried 51% attack on LTC. Easy with those hamsters!

successful attack or rejected?

ongoing, claimed to be.

But are you living under a rock? The Alternate Cryptocurrency Forum has been the source of so much Drama lately it wouldn't surprise me if Ebaumsworld got wind if it. Grin

mooseman99

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Many landlords include electricity in the rent, and at some universities electricity is free, so some people may already have "free" energy.

Cranky4u

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Quote from: Joric on July 25, 2012, 09:37:49 PM

Quote from: Koekiemonster on July 25, 2012, 06:36:21 PM

Quote from: Cablez on July 25, 2012, 06:31:41 PM

What energy is free? Like hamsters going in a wheel?

If they wouldn't eat.. Damn, I pay almost less for my own dinner..

Heard someone just tried 51% attack on LTC. Easy with those hamsters!

successful attack or rejected?

Joric

member

Activity: 67

Merit: 130

Quote from: Koekiemonster on July 25, 2012, 06:36:21 PM

Quote from: Cablez on July 25, 2012, 06:31:41 PM

What energy is free? Like hamsters going in a wheel?

If they wouldn't eat.. Damn, I pay almost less for my own dinner..

Heard someone just tried 51% attack on LTC. Easy with those hamsters!

jojo69

legendary

Activity: 3388

Merit: 4775

diamond-handed zealot

free...

energy...

Huh

step away from the silk road brother

AndrewBUD

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My rigs run on free energy

(free for me)

CosicMiner

full member

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When we have free energy, bitcoin will be used to control distribution of global and extraterrestrial resources..

Xenland

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I'm not just any shaman, I'm a Sha256man

Quote from: Zotia on July 25, 2012, 08:43:10 PM

If energy is not a limiting factor, other things will be:
-Space (with high enough difficulty, a room full of computers wouldn't get you minimum wage)
-Computation speed
-Cost of labor (with high enough difficulty, people will realize they are making less than minimum wage setting up computers)
-Heat (even with free energy, heat will be a problem as you will need fans or air conditioning)

...and so on

Interesting thoughts... I shall ponder on this.

MrTeal

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Activity: 1274

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Quote from: cloon on July 25, 2012, 08:43:21 PM

Quote from: Xenland on July 25, 2012, 08:31:52 PM

I'm talking about these techonoliges i've heard about investors creating stuff in the past 100 years or so where the cost of electricity to run batteries generates more energy then it takes to run the batteries. I guess the gov and other rich companies raided these inventors and thus oil continues to rain.. I digress. What will happen in this case of free energy?

only one thing to say:
conservation of energy is a law of physics. It states that the total amount of energy in an isolated system remains constant over time.
http://en.wikipedia.org/wiki/Conservation_of_energy

if you profe this wrong you'll get the nobel-prize! Grin

Who cares about a Nobel prize, if you play your cards right you could own half the world, and possibly more.

cloon

sr. member

Activity: 387

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Quote from: Xenland on July 25, 2012, 08:31:52 PM

I'm talking about these techonoliges i've heard about investors creating stuff in the past 100 years or so where the cost of electricity to run batteries generates more energy then it takes to run the batteries. I guess the gov and other rich companies raided these inventors and thus oil continues to rain.. I digress. What will happen in this case of free energy?

only one thing to say:
conservation of energy is a law of physics. It states that the total amount of energy in an isolated system remains constant over time.
http://en.wikipedia.org/wiki/Conservation_of_energy

if you profe this wrong you'll get the nobel-prize! Grin

Zotia

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Activity: 686

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TokenUnion-Get Rewarded for Holding Crypto

If energy is not a limiting factor, other things will be:
-Space (with high enough difficulty, a room full of computers wouldn't get you minimum wage)
-Computation speed
-Cost of labor (with high enough difficulty, people will realize they are making less than minimum wage setting up computers)
-Heat (even with free energy, heat will be a problem as you will need fans or air conditioning)

...and so on

Bjork

sr. member

Activity: 457

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Look for the bear necessities!!

Like solar / wind power? eh..

Xenland

legendary

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I'm not just any shaman, I'm a Sha256man

I'm talking about these techonoliges i've heard about investors creating stuff in the past 100 years or so where the cost of electricity to run batteries generates more energy then it takes to run the batteries. I guess the gov and other rich companies raided these inventors and thus oil continues to rain.. I digress. What will happen in this case of free energy?

Blind

full member

Activity: 235

Merit: 100

Quote from: beckspace on July 25, 2012, 06:52:19 PM

Energy requires resources.

Resources are scarse. Desires are not.

In Star Trek universe, Holodeck comes into play.

http://en.wikipedia.org/wiki/Holodeck

And we don't need Bitcoin anymore.

And how would you obtain your new shiny Holodeck? Wink

thezerg

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Activity: 1246

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Actually the fascinating concept here is energy storage or transmission using the bitcoin network. What i mean by this is if extra solar or wind capacity is used to mine BTC, and conversely BTC miners shut down during peak hours regionally, we will have the same effect as if excess energy in in one region was sold and transmitted to another region. But without transmission losses! Bitcoin is awesome!

ElectricMucus

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Marketing manager - GO MP

Quote from: beckspace on July 25, 2012, 06:52:19 PM

Energy requires resources.

Resources are scarse. Desires are not.

In Star Trek universe, Holodeck comes into play.

http://en.wikipedia.org/wiki/Holodeck

And we don't need Bitcoin anymore.

Not everything sold depends on resources. And not all desires are of a material nature.
That said I think even then there would be a need for currency.

beckspace

hero member

Activity: 931

Merit: 500

Energy requires resources.

Resources are scarse. Desires are not.

In Star Trek universe, Holodeck comes into play.

http://en.wikipedia.org/wiki/Holodeck

And we don't need Bitcoin anymore.

ElectricMucus

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The universe would heat up till it is no longer possible to maintain a liveable environment making it irrelevant.

But assuming free energy also would come with 100% efficient computing it would simply be about the space occupied by those machines. Not that big of a deal.

Koekiemonster

sr. member

Activity: 321

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Bitbuy.nl!

Quote from: Cablez on July 25, 2012, 06:31:41 PM

What energy is free? Like hamsters going in a wheel?

If they wouldn't eat.. Damn, I pay almost less for my own dinner..

Cablez

legendary

Activity: 1400

Merit: 1000

I owe my soul to the Bitcoin code...

What energy is free? Like hamsters going in a wheel?

Topic: What happens to Bitcoin when free energy is available? - page 6. (Read 8927 times)