I don’t know who needs to hear this but…

Privacy isn’t:

- A premium feature
- A setting you must configure
- About having something to hide

Privacy is:

- A basic human right.

Bloody hell, the #bitcoin crowd have discovered my latest privacy post. So listen up: a billion identical copies of a database isn’t decentralisation. It isn’t a prerequisite for privacy. And if it destroys our habitat, it’s a crime against humanity. You can show yourselves out.

@aral @glynmoody I found This Machine Greens to give quite compelling arguments:


Mostly, no one knows what #Bitcoin 's footprint is. There's no way to determine that from energy usage. Electrical energy comes in a range of footprints, even negative ones. If we can get mining to go where footprints are lowest, perhaps even stimulate development of new sources like that, it's impact could be positive.

Also, getting rid of the petrodollar should happen yesterday.


We don't have enough green power to power the world without bitcoin (yet).
And we definitely don't have enough green energy to power the world with bitcoin.
If one uses green energy for mining bitcoins it's just missing at another place. So there's no benefit.

@aral @glynmoody

@JuleLe @aral @glynmoody With all due respect, but you don't seem to have read the thread, I detail a bit more here: x0f.org/@stevenroose/107447940

But watching the documentary would also help.

@stevenroose Building actual things using the cheap energy seems more effective for society that burning it as proof of waste.

Iceland for example has very cheap geothermal energy. They use a lot of it to create wind power parts that can then be used in other parts of the world that don't have cheap geothermal but have wind.

A friend calls them "Icelandic batteries".

@aral @glynmoody @JuleLe

Another better use of surplus green energy is producing green hydrogen. That's something that we really need (in contrast to crypto).

And a problem for both hydrogen production and crypto mining is that the hardware is expensive.
It's hard/impossible to make the plant cost-efficient when it's only producing while green energy is excessive.

@aral @glynmoody @stevenroose

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