It seems to be a lightweight alternative to Mastodon that is easier for individuals to run on a private server
doylio
joined 1 year ago
Yes, of all the problems in the healthcare system, the problem of letting AI help patients diagnose their own problems is definitely top of the list /s
That would be great! And I'm sure there are people doing it. And if 2.3% of the US Power grid were dedicated to that I'm sure some people would be upset about it too
My basic point is I don't think there is anything morally wrong with Bitcoin miners using energy, even though this is a narrative that is very popular now. There are plenty of other valid criticisms of Bitcoin, but I don't think this one stands up to scrutiny.
I would love if this were an option, but it's not. The current battery technologies don't have the scale for grid level storage capacity. The only grid scale storage solution that is really being done is to build very expensive infrastructure that moves water between two dams of different heights, and building more of those doesn't seem politically likely at the moment
The reality is that there is much a whole bunch of excess energy supply that is produced because power plants can't cycle up and down with demand. So they have to keep producing at peak demand 24/7 (there is some nuances based on the type of power plant, NatGas is faster to turn on/off, but this is broadly true)
I have my qualms with Bitcoin. As a currency it has significant transaction speed problems, and potential security ones after a couple more halvenings. But I don't see a problem if Bitcoin miners want to pay energy producers to use energy that would be produced anyway and earn the producers nothing.
I agree with everything you've said
Pretty much the only things Bitcoin has on Ethereum today is a better brand and Lindy effect
Oh yeah there are many criticisms of Bitcoin one can make, I just don't think the energy one is very convincing if you think about it a bit
Tbf, most money nowadays doesn't physically exist nowadays. Only a tiny fraction of the "money" that is out there has a physical instantiation. Most of it is just numbers in bank servers
Underrated comment!
I think the 32 ETH lockup + slashing does make it riskier to stake, but it also makes the chain more secure. As a malicious Ethereum staker, every failed attack costs me a lot of money. As a Cardano staker, I can attempt an attack many times because there I don't lost that much if it fails.
The lack of liquid staking is the only real drawback I see here, as it has allowed some centralization in the Lido token. Ethereum has yet to address that issue
It's a bit bizarre that if you have a hammer and sickle on your shirt it's a kind of edgy cool, but if you had a swastika on your shirt you risk being fired/cancelled/arrested