Comment

Comment by mondoveneziano

The Internet provided solutions to technical problems, regardless of any societal/political considerations. They may have resulted, but as a secondary effect.

When theorizing about societal/political benefits, take into account the societal/political problems cryptocurrencies created by inventing a machine that allows converting resources directly into money of miners' digital wallets without regulation.

Your sending any amount of money, actual practicality and realizability aside, comes at the cost of a lottery, where miners perform literally 100.000.000.000.000.000.000 computations per second whose outcome is completely thrown away, unless they are lucky enough to be one of the 6 computations per hour that win. This cannot be made more efficient: If computing one hash costs less energy, the difficulty will be adjusted to require more calculations to keep the target of 6 hashes per hour.

By the decentralized property of cryptocurrencies, it is by design not possible to regulate where the energy for this lottery is coming from.

Discussion

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton