Much Energy, Such Morals; Bitcoin Is Better
The energy debate is misleading, and characterizes energy usage as an objectively measurable undertaking (which is not true).Bitcoin. Internal combustion engines. Netflix. Norton. Twitter. Facebook. Online banking. ATMs. Security cameras (and their systems). Printers. Lightbulbs. Christmas lights. Easy-Bake Ovens.Tinder.They all require energy to produce, and all require energy to use. Pick any one from this list, (or anything else not on the list) and I could tell you why you don’t deserve to be able to use it because that energy could be “best used elsewhere.” You can police energy use....
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In physics, the definition of "energy" is "that which allows work to be done." This means that money is energy, since it can be used to do work via payments to people. The energy in money can be thought of as "economic energy". Economists call economic energy "price" and measure it in terms of "euros" or "Kenyan shillings" and so on. But, these units are abstract because their quantity changes over time. Physicists would prefer to use units such as joules or kilowatt-hours, which have a concrete basis in physical realities of mass....
Bitcoin’s unique energy use incentives, ability to store stranded energy and more make it the future of our energy consumption as a planet.
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The blockchain could serve as the foundation of a system for connecting energy grids, delivering more efficient and environmentally sustainable energy, according to Greentechmedia.com, a news site for the global clean energy market. One company, L03 Energy, is building an “open source cryptographically secure” blockchain to manage transactions across a microgrid. Lawrence Orsini, the founder of L03 Energy, said the blockchain’s impact on energy could be much bigger than bitcoin. L03 Energy has built two nodes collecting generation and consumption data across the microgrid and sending it to....