That's great and all but doesn't sound like a valid excuse for the excessive amount of energy it consumes. It's also hard for me to imagine 3rd world places that somehow flourish because of a currency that needs the Internet to exist.
JiveTurkey
joined 1 year ago
I'm fine doing away with physical dollars printed on paper and coins but crypto seems to solve none of the problems that we have with a fiat currency but instead continues to consume unnecessary amounts of energy while being driven by rich investors that would love nothing more than to spend and earn money in an untraceable way.
I hope this is sarcasm.
Unfortunately crypto is still somehow a thing. There is a couple year old bitcoin mining facility in my small town that brags about consuming 400MW of power to operate and they are solely owned by a Chinese company.
The argument that our bodies are inefficient meat bags doesn't make sense. AI isn't replacing the inefficient meat bag unless I'm unaware of an AI killing people off and so far I've yet to see AI make any meaningful dent in overall emissions or research. A chatgpt query can use 10x more power than a regular Google search and there is no chance the result is 10x more useful. AI feels more like it's adding to the enshittification of the internet and because of its energy use the enshittification of our planet. IMO if these companies can't afford to build renewables to support their use then they can fuck off.
Useful in the way that it increases emissions and hopefully leads to our demise because that's what we deserve for this stupid technology.
Not surprising. Are they allowed to mention Uyghurs and and the fuck up things being done to them in China?
Good for this guy. Fuck AI and the companies responsible.
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But crypto also suffers from crashes and being devalued and if you're buying Bitcoin with your hard earned dollar that is worth less and less then you are ultimately buying less and less Bitcoin. The fact that Bitcoin still needs all of the other currency to function as a middle man makes it vulnerable to the same risks. Maybe it helps people in niche situations but I'm sure we'll all be thinking it's worth it when those same struggling places are the hardest hit by climate change. At least they'll have a bunch of digital currency propped up by fiat currency.