My kink is watching tech bros get annoyed when you keep reminding them bitcoin is ecologically unsound.

@sophia

#WELLACTUALLY

...a huge portion of Bitcoin mining is performed using excess renewable electricity which would otherwise go to waste.

@jez which doesn't nullify the ecological impact of the global bitcoin market that's driving an increase in power consumption that's from non-renewable sources

@sophia

Fiat currency also uses nonrenewable materials: fossil fuels for energy, metals for coins, metals for fraud protection, etc.

@jez Quite. Efforts should be looking to move in the other direction wholesale, rather than increase the problem at a time when it's clear the planet is undergoing catastrophic changes as a result of these things already

@sophia

Indeed! Hmmm.... Has anyone ever made a hashing algorithm that helps process weather prediction data? 🤔🤔🤔🤔

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@jez @sophia A PoW scheme that incentives users to donate processing power to research projects is better than the current state of things, but does nothing to solve the fundamental problems with PoW.

I see a better solution in GNU Taler: it is not a currency but a open payment processing system for existing currencies (ie. an alternative to PayPal and Visa, not for the Dollar and the Euro). Transparent for tax reasons but private for the consumer, without PoW or blockchains.

@vonubelgarten @sophia

Agreed, putting extra stuff on top of PoW doesn't really improve the situation ecologically. Having a PoS is not egalitarian. Having a Proof of Identity system with meatspace meetups certainly doesn't help reduce fossil fuel consumption.

Hmmmmm.... A libre federated payment infrastructure would be great! But why would for-profit payment systems want to federate with a not-for-profit system which would compete with their model?

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