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RE: Whale Games: Hiding Value Underwater

in LeoFinance3 years ago

The "green" argument drives me crazy. It's such a blatant targeted attack. I'm all for being green, but they are aiming at the wrong target with that one. It is just silly.

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Yeah look at how much energy the banking system consumes. It is enormous.

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And on top of that, it is something fixable if it would be really a problem in the future.

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Even if it was true the first time the claim was made, that doesn't mean it's true today. It's the same deception made about IC cars being dirty. Their exhaust may be dirtier compared to that of an EV, but it's 99% cleaner than the exhaust of an IC car from 1990.

Just as progress has been made in making exhaust for IC cars cleaner to the point of being trivial, much progress has been made to make crypto mining more green and energy efficient.

Incentives matter.

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Funny you should mention that. I read a while ago that it is much harder to kill yourself these days from car exhaust because it is so much cleaner. Not sure how true that was, but interesting nonetheless.

There wouldn't be any of the dirty or grimy pollutants for years past, but carbon monoxide is still a problem. I'm not going to be the one to confirm that detail!

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I'm a big enviro and whenever that comes up I just say, ok, POW systems like Bitcoin use a f*ckton of energy, yeah. But POS systems like Hive don't.
Some people listen to me explain it, and others are just so deadset convinced that all crypto is bad that they don't care that not all crypto is Bitcoin.

I just think that the world is yet to discover more efficient ways to use power.

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I totally agree. POS is definitely better than POW and people need to be educated about that. I am not entirely convinced that POW uses any more energy than the global banking or financial system though. I think it is hard to quantify that and just a scapegoat excuse to hate on crypto at this point.

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But the POW networks are making more Boise and seems to have filled the media timelines earlier and faster.

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Are their private jets green?

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or their 10,000 sq ft mansions?

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