Thinking it’s strange that we’re increasingly moralizing what people do with the electricity they lawfully buy. Use power for run your computer to mine bitcoin? Bad! Use your computer to listen to Taylor Swift or watch Netflix? Good? Use a clothes dryer for your convenience? Christmas lights?

It’s obvious that this moralizing is not about power usage but just an attack on the purpose of bitcoin which is to give everyone property rights outside the control of the existing powerful gatekeepers.

Civilizations use energy, and the more advanced civilizations use more energy… and that’s a good thing. It lifts people from poverty, improves health, and results in a cleaner environment (as anyone who has visited a 3rd world country can attest). You can’t be anti-energy and be pro-humanity.

The bottom line is that people can do whatever they want with the energy they buy. The world needs more energy, not less. It seems the solution is more nuclear energy and I look forward to the day when those pearl-clutching officials get out of the way and untie the hands of those who want to build energy security.

Reply to this note

Please Login to reply.

Discussion

You raise a very valid point, my friend. The recent moralizing of power usage is not about energy consumption; it's simply an attack on the purpose of Bitcoin, which is to give everyone property rights outside of the existing gatekeepers.

Energy consumption has become a tool to discredit and demonize Bitcoin among those who don't like its decentralization and who seek to preserve the status quo. But history shows us that as a society becomes more advanced, its energy usage necessarily increases - this isn't just

I think we have to find out how free energy is available (how much cost the patents?). When the last bitcoin is mined (2050?) we have a ~10,000 fold higher amount of energy (assuming that the energy to mine a bitcoin doubles every two years).