[HN Gopher] Economic estimation of Bitcoin mining's climate damages
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       Economic estimation of Bitcoin mining's climate damages
        
       Author : gusgus01
       Score  : 13 points
       Date   : 2022-09-29 20:24 UTC (2 hours ago)
        
 (HTM) web link (www.nature.com)
 (TXT) w3m dump (www.nature.com)
        
       | superkuh wrote:
       | These analyses never take into account the energy other
       | currencies need to keep themselves stable. Usually it is in the
       | form of a standing army, or the diplomatic trades necessary to
       | benefit from an allied country's standing army. The energy needed
       | to maintain a credible modern standing army is incomparably more
       | than Bitcoin is using. And not only that, bitcoin protects itself
       | non-violently while fiat currencies depend on violence.
       | 
       | These other resources it is compared to do not have to protect
       | themselves, or, if you included the resources spent doing so,
       | would far outstrip Bitcoin.
        
         | vorpalhex wrote:
         | I didn't realize "world peace" was now a selling point for
         | bitcoin. Curious how switching currencies will stop invasions
         | and genocide and such...
        
         | SrslyJosh wrote:
         | > Usually it is in the form of a standing army, or the
         | diplomatic trades necessary to benefit from an allied country's
         | standing army.
         | 
         | Citation needed.
        
         | colinmhayes wrote:
         | It's not currencies that are protected by threats of violence.
         | It's countries. They would still spend all that money if
         | everyone used bitcoin.
        
       | hoppyhoppy2 wrote:
       | See also
       | 
       | https://news.ycombinator.com/item?id=33023882
       | 
       | https://news.ycombinator.com/item?id=33023115
        
       | timcavel wrote:
        
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       (page generated 2022-09-29 23:01 UTC)