51 sats \ 8 replies \ @cointastical 17 May 2022 \ on: Bitcoin Songsheet: Wind And Solar Are The Altcoins Of Energy bitcoin
Energy and money are not the same.
I can use bitcoin just as easily to buy a loaf of bread whether that requires 5,000 sats, 50,000 sats, or 5 sats.
In other words, scarcity of money does not make the money less useful (as money) to me.
Energy is different. Scarcity makes an energy less useful. A diesel truck will only run on diesel fuel. If some of the demand for diesel is due to power plants running on diesel (even if just a peaker plant) generation of power from other sources can reduce the operation of those diesel power plants, which then results in diesel being more affordable and thus more useful for transportation.
Wind and solar do have utility (pun intended). Whether they are competitive as the alternatives (natural gas, hydroelectric generation), ... that's debatable yet today. But progress towards harvesting nature's energy at greater efficiency and lower cost of production (i.e., resources needed for it, including capital expense) will benefit us all.
So yes, I want wind power, solar power, hydro, geothermal, coal, natural gas, ... and safe and competitively priced nuclear power (which I'm not yet convinced exists, at least not at a cost that considers the entire life span through decommissioning).
I want them all battling it out. Without government subsidies. Like you mention, bitcoin mining essentially now becomes that method to subsidize energy production that might not have been viable previously.
Where in the article did I say that energy and money are the same? I said the government's actions on both have the same effect, which is that they devalue labor. You're arguing a straw man.
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Out of context, but yes, yes you did.
"Energy is like money,"
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Blocked on Twitter? Seriously?
Same team, Jimmy. Same team.
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I block people who don't argue honestly. I'd block you here if I could.
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Well, since I can't DM you, had a couple edit suggestions:
It’s no wonder the best and the brightest in developing countries immigrate.
s/b emmigrate (?)
Though we do get power outages once in a while, it’s been less devastating for developed countries.
s/b less devastating than for developed countries (?)
Or am I misreading that?
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Hehe, ok.
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FWIW, I think you provided a great and fair response. Appreciate your viewpoint (which I happen to agree with).
Even if I didn't agree with it, your response opens up conversation & engagement within the community (which is what most of us are here for)
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Agreed.
This article could have been better written and I also think the key points highlight in the article are fairly weak.
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