Reporter at Drop Site News, co-host at Breaking Points/Counter Points

happy you’re here, please tear this industry apart. we need it and it will make us stronger.

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?

You'll be comforted to know that most modern blockchains like Ethereum don't actually use much energy at all (they're not using Proof of Work). https://ethereum.org/en/energy-consumption/

On a per-transaction basis, it's quite microscopic once we account for rollups and things like that. (Something that looks like one transaction on the Ethereum mainnet blockchain may actually represent thousands of transactions on a rollup.)

Here's a cool dashboard of Ethereum-based rollup transactions and the realtime amplification factor:

A doodler and computerer. I like permissive/permissionless open source, smart contracts, p2p systems, room-scale VR, and NixOS.

shazow.net

Currently: WhatsABI

Here's a cool dashboard of Ethereum-based rollup transactions and the realtime amplification factor: https://rollup.wtf/