The problem I have tearing crypto apart is that I don’t really understand it technically at all detailed level. My objections are all philosophical. It uses up a ton of energy so people can speculate and do arbitrage. How is that worth it? I’ve used it to pay journalists in Afghanistan and appreciate that but I’d rather all this energy be spent ending sanctions. What am I missing?

I’ve been researching ‘data warming’ for years, including blockchains.

Bitcoin’s PoW energy use is rising, while Ethereum’s switch to PoS cut its energy use by 99.9% which is a win worth celebrating

Energy use in digital systems is a real issue, but it feels like it's been overhyped for blockchains and embedded itself into the psyche of the public. Meanwhile AI and other computing face little scrutiny.

Makes you wonder why?

makes you wonder…

maybe it’s because it competes with the petrodollar

Researcher at MIT Media Lab | Creating futures | https://cyrus.website/info

makes you wonder…

maybe it’s because it competes with the petrodollar 

https://bitcoinmagazine.com/culture/the-hidden-costs-of-the-petrodollar

it's interesting but not sure that's why casual observers have a visceral reaction to crypto