this post was submitted on 16 Sep 2023
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Yes, since it's a rapidly growing field.
Proof-of-work based tokens are the enemy and not what we should be comparing things to.
It's a little trickier than that. Renewable doesn't mean infinite; we still need to limit consumtion to sustainable rates. Also, there is the hardware in the rigs themselves. Solvents, wiring, metals, plastic...
That's a good point. It's less vulnerable to wind or light conditions.
Yep. I never argued against that part. That's great, as long as we can hold it together and not make new models every fifteen minutes just to keep up with the joneses, but there's also a drawback to the "expensive to train, cheap to run" model: that's the very thing that is driving the wealth concentration of big capital like Google.
That would be a perfect argument if we had accounted-for environmental transaction externalities, but we don't. Using energy is cheaper than it "should" be to account for the environmental impact of that energy use. The old "if I sell you a can of gas, the price of the forest that got wrecked by that gas isn't factored in" problem. Even otherwise laissez-faire stalwarts like Hayek acknowledged this.
Right; once it does get truly democratized with open source model we can have a post-scarcity pay-it-forward future where the step from dream to reality is smaller than ever before.
We've been through backs and forths of this. The big data mainframe era was replaced by PC. Then that got centralized again in the age of big dialup. But then with broadband everyone could run a server. And then the web 2.0 debacle happened and we got a silo era where people voluntarily started using Google Search and Facebook Messenger and stuff like that to give big capital ownership of our platforms.
You seem like you have your head on your shoulders (you're on feddit, after all) but among the general population there's a lack of awareness around these power&wealth-concentration issues.
Yes, and I want a plan for that.
Which is why we're risking runaway energy use and climate impact.