A consideration is not just the energy to mine or create a currency, but the continuing costs to use the currency. Inherent to Bitcoin is energy consumption to verify every on-chain transaction. A dollar bill, silver coin, or gold coin can be used to transact without expending any appreciable amount of energy relative to their initial production costs. The free market should ultimately decide, but ongoing costs, ease of use, store of value, etc will all factor into mass adoption.
You realize that the vast majority of people barely see paper money anymore, right? It's been almost entirely cards and trust in banks for 15 years. No ones even going to consider miniscule energy use as a show stopper.
I am very aware of that. I hope you realize that there are people, including myself, who do consider energy use. It is a only one consideration among many concerns that I have regarding digital currencies.
Because "free energy" doesn't mean anything. You cant grow bananas with it. You can't use it to make anything - you can power the prodution, but that needs intelligence.
Free energy is a pointless addition to the mix u til that free energy means post scarcity.
Energy use is a fallacious argument. You have the same problem with every single currency.
How much oil did we have to burn to smelt gold coins? Print semi-paper cash? The chickens you traded for the pork?
All of them have an energy cost.
A consideration is not just the energy to mine or create a currency, but the continuing costs to use the currency. Inherent to Bitcoin is energy consumption to verify every on-chain transaction. A dollar bill, silver coin, or gold coin can be used to transact without expending any appreciable amount of energy relative to their initial production costs. The free market should ultimately decide, but ongoing costs, ease of use, store of value, etc will all factor into mass adoption.
You realize that the vast majority of people barely see paper money anymore, right? It's been almost entirely cards and trust in banks for 15 years. No ones even going to consider miniscule energy use as a show stopper.
I am very aware of that. I hope you realize that there are people, including myself, who do consider energy use. It is a only one consideration among many concerns that I have regarding digital currencies.
You use the same energy with paper and plastic money. This shouldn't be a consideration you take about transacting for goods.
A lack of money equals a lack of motivation. Get out of here with that commie BS.
Because "free energy" doesn't mean anything. You cant grow bananas with it. You can't use it to make anything - you can power the prodution, but that needs intelligence.
Free energy is a pointless addition to the mix u til that free energy means post scarcity.