Bitcoin requires only as much power as a tiny country size of Portugal/Netherlands, less than 1% of electricity consumption globally.
Less than dishwashers, heated pools or computer games use. Perhaps we should ban these also?
If anything, we should be thankful Bitcoin exposed the inability of renewables to scale in practice.
Riiight. "Tiny".
Netherlands is number 31 and Portugal is 52 by electricity consumption out of 216 countries. https://en.wikipedia.org/wiki/List_of_countries_by_electrici...
To put it in context: you could power all of Argentina with the power bitcoin wastes. Big enough for you? Or Nigeria five times over (that's 200 million people times five).
We were told renewables are cheap and plentiful, but it turns it they cannot even power 1% of the demand?
Why do reneweables scale so poorly?
Stop.
People make the argument "it will boil the ocean". Is this not the claim, roughly speaking?
..but why is it renewables cannot service reliably and inexpensively just 1% of demand?
I have no problems with renewables, but interplanetary civilizations subsisting on windmills is just fantasy.
2. Construction speed is not immediate
3. 1% of global consumption is still hell of a lot (more than 150 countries. Stop pretending that if you say 1% this makes it "tiny")
4. You are the only one talking about interplanetary civilizations and pretending your opponents are making arguments they are not making
Waste even more energy than we already do!