My biggest gripe with AI is the same problem I have with anything crypto crypto: It’s out of control power consumption relative to the problem it solves or purpose it serves.
Don’t thrown all crypto under the bus. Only bitcoin and other proof of work protocols are power hungry. 2nd and 3rd generation crypto use mostly proof of stake and ZKrollups for security. Much more energy efficient.
I’m aware of this, but it still mostly just something for people speculate on. Something people buy, sit on, and then hopefully sell with a profit.
Bitcoin was supposed to be a decentralized money alternative, but the amount of people actually buying things with crypto are highly negligible.
And honestly even if was actually used for that the power consumption would still be something to discuss.
Yes, most people buy, sit on, and then hopefully sell with a profit.
However, there are a large number of devs building useful things (supply chain, money transfer, digital identity). Most as good as, but not yet better than incumbent solutions.
My main challenge is the energy misconception. The ethereum network runs on the energy equivalent of a single wind turbine.
And honestly even if it did serve it’s actual purpose, the cumulative power consumption would still be a point of debate.
Yeah, but at that point you’d have to consider it against how much power the traditional banking system uses.
bob_lemon@feddit.org 3 weeks ago
Sure, but despite all the crypto bros assurances to the contrary, the only real-world applications for it is buying drugs, paying ransoms and getting scammed. Which means that any non-zero amount of energy is too much energy.
Knock_Knock_Lemmy_In@lemmy.world 3 weeks ago
There are some use cases below, and none use proof of work.
hbr.org/…/how-walmart-canada-uses-blockchain-to-s…
alastria.io/en/renewable-energy-certification/
prnewswire.com/…/south-american-airline-adopts-tr…