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-8 karma · joined February 1, 2021

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consider_the··on Cryptocurrency is like taking the worst parts of today's capitalist system
From the linked resource:

"Without bitcoin mining, solar - an intermittent energy source - could supply only 40% of grid power before utilities would face the need to fund significant investments with higher electricity prices. With bitcoin mining integrated into a solar system however, energy providers - whether utilities or independent entities - would have the ability to play the arbitrage between electricity prices and bitcoin prices, as well as potentially sell the “surplus” solar and supply almost all grid power demands without lowering profitability."

consider_the··on Cryptocurrency is like taking the worst parts of today's capitalist system
There is a convincing argument that the reverse is true.

Namely that "Bitcoin incentivices renewable energy": https://assets.ctfassets.net/2d5q1td6cyxq/5mRjc9X5LTXFFihIlT...

consider_the··on Cryptocurrency is like taking the worst parts of today's capitalist system
How is ramen used for illegal purposes?