Oddbean new post about login | logout Does using nostr mean I HAVE to use bitcoin? I would rather use tezos: this could be a deal-breaker for me. #crypto #bitcoin #tezos #thereisnoplanetB ----------- Environmental effects of bitcoin - Wikipedia A 2022 non-peer-reviewed commentary published in Joule estimated that bitcoin mining resulted in annual carbon emission of 65 Mt CO 2, representing 0.2% of global emissions, which is comparable to the level of emissions of Greece. ----------- Tezos is a pioneer in environmental responsibility within the blockchain space. It utilizes a Proof-of-Stake (PoS) mechanism, which has a much smaller energy footprint compared to Proof-of-Work (PoW). In fact, Tezos' energy usage is equivalent to just 17 global citizens.
Use what you want, but proof of stake means the first owners can always keep late comers out. Proof of work means that the protocol is literally open to all. Premiering, in particular, is just a get rich quick scheme
I didn't know about the keeping latecomers out angle. Where can I read more about this? Trying to understand.
Proof-of-stake (PoS) protocols are a class of consensus mechanisms for blockchains that work by selecting validators in proportion to their quantity of holdings. This simply means that the richest, usually the first comers, can continue to control the network at no additional cost, other than opportunity costs. Proof of work doesn't allow that. Of course, the richest could continue to control the network, but only by continuous investment in the network. Anyone can join the Bitcoin network, without even purchasing BTC, just mining. This is not true of PoS. PoS almost creates a permanent oligarchy
Well, your environmental claims have been thoroughly debunked as bullshit. #Bitcoin has many environmental (and others) benefits that you could easily find if you wanted the truth. But no, you don't have to use sound money to use Nostr on free relays. You can also run your own relay.
I find it aggressive and off-putting of you to imply that I'm not interested in the truth: that's not a great way to help people learn. I'm new-ish to all this and would be interested to learn more. I found this link: do you have any others you'd like to share? https://tinyurl.com/crypto-myths
Bitcoin mining is supporting so called Green energy projects the capital to continue operations, stabilisers the grid by buying excess energy they generate, keep the costs down of necessarily idling hydrocarbon energy producers that necessarily support those intermittent producers, turn escaped methane gas at well heads into "less damaging" gases, should you believe in that fanciful propaganda, capitalise stranded hydropower for poor villages to have constant cheap electricity, bank the unbamked and give them access to globall liquidity (which sorry none of yiur other coins comes close to matching, incl eth) I could go on. TLDR it's the opposite of what you believe
Would like to learn more about this. Can you point me to some reliable sources for reading/research? I found this recent-ish (24 October 2023) report published by the United Nations University (a reliable source, yes?) that talks about the environmental damage of cryptocurrency in general and bitcoin in particular, since it's the most popular. https://unu.edu/press-release/un-study-reveals-hidden-environmental-impacts-bitcoin-carbon-not-only-harmful-product
https://youtu.be/u41qbiL-lF8?si=oOzjoK8A_hYQOa3M Alex gladstien has quite a few things on this topic although he primarily focuses on BTC and human rights, energy and BTC is part of that https://youtu.be/iJ85fyWx-Ck?si=rNaH20s7zSb8wcmV. here Jordan Peterson has his mind blown on BTCs renewable energy market implications https://youtu.be/4pVtT0FVlj8?si=EXmnJOXTaCtIwvUs. Bitcoin is green tech discussion there's crap loads out there, but it will get you started don't forget El Salvador using volcanic energy to mine, which feeds back capital to grow the countries energy infrastructure No the UN are one of the last groups with educated opinions: they're an ossified institution with the incentive to maintain the status quo