Crypto is so inherently wasteful it's completely unethical. At least they're trying to use hydro here but by and large, this is an unreasonable resource grab.
To add to this, the article states it's the equivalent of 570,000 apartments worth of energy.
To what end? There is still no real use case for bitcoin, it can't compete with any modern financial transaction system in performance, it's difficult to secure, it's just a bad deal and I can't understand how we've allowed it to grow as much as it has.
I am not in favor of crypto. I don't think it is a better alternative than our "centralized" economy. I don't own any crypto, I don't encourage it to flourish, I don't encourage people to buy it.
>Crypto is so inherently wasteful it's completely unethical.
skateboarding is inherently wasteful, should we ban that too?
if people choose to do something voluntarily, and devote resources to it, I don't see a basis for you declaring it unethical. If climate change is your fear and we all decide to save ourselves by living in caves, some cavemen might still choose to engage in the cave-crypto-currency equivalent (carving big giant rolling stone coins?): it's not unethical, it's just not what you would choose.
Without delving too much into the utility of the practice, skateboarding as a past time is a rather commonly banned activity in common spaces.
The issue here is not that someone is doing something voluntarily and devoting resources to it, but rather that someone is taking an action that involves the consumption of a rivalrous good. The court's ruling notes this explicitly (from the article) "the very real prospect that devoting such a large proportion of the available electrical power supply to one industry would leave less energy for other uses which might result in increased costs to all other residential and industry customers in B.C.”
Not just energy, crypto is also using far more rare earth minerals and metals in their excessive utilization of CPUs and GPUs. Batteries to keep things running when power goes out. It's wasting so very many of our resources. There is no defense.
skateboarding doesn't scale to take up all available resources. I could be 10x the skater as Tony Hawk and I'd still only use one skateboard at a time. Doesn't matter if it's a $1,000,000 skateboard, I'm still only using one at a time. Meanwhile, $1,000,000 of cryptomining by one person is going to use so many more joules, and for what?
Is the commercial exploitation of several finite resources —skyrocketing their market prices— to generate nothing of actual value really just like skateboarding?
That's a bad analogy. The wastefulness of crypto affects us all.
Yeah, the moderation became insane. Every question is a duplicate, every answer is moderated out.
The answers on github and across the web are always much much better and more up to date. I can't remember the last time SO had the answer I wanted or needed.
As a frequent DashPass user, the individual menu item prices for almost every restaurant is jacked up on DoorDash (as compared to their in-store price) and there is a service fee added on top that's separate from the comped delivery fee.
I hate this because I want to order take out, which DoorDash doesn't need to be involved in. A ton of restaurants around me no longer take phone orders and so my only options if I want take out is to walk up, order, and wait. Or just suck it up and pay. I mostly take the former (gives you a chance to go grab a six pack).
Maybe it has changed now, but when I was working with restaurants last year, DoorDash had a rule that take out prices had to match what you'd pay if you go into the store and order.
At least with Grubhub plus or whatever it's called, this isn't really true. They put "0 delivery fee" but then still include a "service fee" which is 15% of the order (this is not the tip). Can you confirm DoorDash does not do something similar?
Your asterisk is in no way a recent phenomenon. Advertisers have directed changes to television shows and magazines to prevent being placed near something with content they worry will impact their brand.
If you look at crypto's daily price action, the majority of it is attributable to trading and speculation. I think this is pretty common knowledge.
If you feel stocks and equities is gambling, then you might also feel that this sector of crypto is gambling.
But there are other sectors of crypto that don't register on this price graph, maybe because price is not the only metric of their success, or because their volume is lower. Smart contracts, non custodial wallets, ENS, trustless payments, DEXes like Uniswap, are all interesting and valid use cases of crypto and blockchain tech.
Yeah but the collapse of those exchanges drove down the price of the coins. Even if its your keys and your coins those coins become worth less money than they were before.
If u look at the past decade, the real coins survive. Its the venture backed ponzis that die..
Basically no exchange should be holding enough to cause a collapse of the coin. With bitcoin this will never happen, there was multiple collapses at times where liquidity & ramps were non existent.. and bitcoin still survived to go up multiples.
Yeah, this article in particular seems geared towards a handful of peripherals. Anecdotal but everything I've wanted to just work, has just worked and worked better than any windows machine or linux machine even comes close to.
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