“Bitcoin is bad because it doesn’t use enough renewable energy!”
“Bitcoin is bad because it uses too much renewable energy!”
Well, I guess F. Scott Fitzgerald did say that the truest sign of intelligence is the ability to entertain two contradictory ideas simultaneously. 😁
They’re both bad arguments, in addition to being contradictory.
The argument, as I understand it, is:
1. Wind and solar are notoriously inconsistent power generation methods.
2. To solve this at scale, excess capacity will need to be developed to cover for times of decreased generation efficiency.
3. Development of excess capacity is not economical without some kind of demand response use case to soak up the frequent over-generation of power caused by the needed excess capacity.
4. Bitcoin mining is a demand response use case.
Oh sweet Jesus 😂 I had to stop from lol'ing because I'd have to explain WAY too much to the fam 😂
