100 sats \ 1 reply \ @Majjin 22 Apr 2022 \ on: Climate measures: Behind closed doors, EU officials talk about banning Bitcoin bitcoin
If Ethereum is able to shift, we could legitimately request the same from BTC. We need to “protect” other crypto coins that are sustainable. Don’t see need to “protect” the bitcoin community.
Their mindset is pretty interesting. Who exactly are they going to ask to shift from PoW to PoS? Also I wonder why they feel the need to "protect" shitcoins. Its almost as if the organizations and foundations involved in Ethereum are trying to work with these tyrants.
Excess energy can be diverted to other markets. Methods of storing energy will improve. Hydrogen production can take excess energy. There is no excess energy
"There is excess energy and we can use it for other stuff!" Why hasn't it been done yet then? I bet they didn't even know this was an issue until Bitcoiners brought it up. I also like how they contract themselves in the same sentence by saying there is excess energy to be used elsewhere, but there is no excess energy.
An economist said this in the article:
As long as Bitcoin’s price continues to rise, the same holds true for the cryptocurrency’s energy consumption, he says. „This is also why targeting the Bitcoin price is the only thing likely to work.
Dude obviously knows nothing about bitcoin or its community. As long as people find some value in Bitcoin it will be used and innovated upon. Applications such as what Strike is doing is independent of price. Not to mention that there is a community of users that like Bitcoin for what it is and not because of its fiat value. Targeting the price is at most a temporary measure.
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0 sats \ 0 replies \ @shyfire OP 23 Apr 2022
Badass
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