Quote:
Originally Posted by ShopCat
I think the two environmental based arguments are at odds. I see on one had energy consumption will kill Bitcoin, and on the other hand Bitcoin has nothing to do with pushing green energy. If the argument that bitcoin can fail because of its energy consumption and environmental impact is true, then is it not also true that in order for bitcoin to survive, it has to become more environmentally friendly? So miners and the multi trillion dollar industry as a whole would need to push for greener energy in order to succeed correct? I do not think it is necessarily about bottom line today, but long term success which far outweighs the difference.
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You're kindof making my argument that Bitcoin, as version 1.0.0 is a good first try, but will probably not be viable for the long run. Do you really think that BTC miners will voluntarily pay more for electricity because it's green? 99% of everyone in BTC these days is in it for the money. Capitalism at work (I'm a fan of capitalism). But that won't push green energy, not by a longshot. And we haven't even really discussed the mining half-point that happens next year. At that point, presumably, mining will become 1/2 as profitable as it is today.
-Wayne