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Karl Baron

@gerrymcgovern @gedeonm At least with AI the incentive is still to use as little power as possible since you’re paying for it, so there is the possibility that it gets more efficient over time (I mean I can run an open source model on my laptop with acceptable performance already).

With Bitcoin the incentive is to use as much power as possible since doing that actually *increases* the value.

4 comments
Gerry McGovern

@kalleboo
And yet, in total, the energy never reduces. Every efficiency gain drives more use cases, more bloated featured. And also there's the magic. That how you get the most money, by selling the magic, the brand. You can blow a lot of money on energy, if you can sell that magic. There's a of of money to be made in tech magic.
@gedeonm

Karl Baron

@gerrymcgovern @gedeonm Such is the human condition. Nearly-free solar/wind power and electric vehicles is also going to massive increase demand.

Anyone proposing austerity is going to go nowhere.

DELETED

@kalleboo @gerrymcgovern @gedeonm How about oppulent unemployment? Delicense an oil major, and be jealous of the former fossil fuel workers, that get to sit around and think of new companies that might not be delicensed.

Anyone proposing more than low unemployment is going to go nowhere.

Aethelstan

@kalleboo @gerrymcgovern @gedeonm remember back when we had an energy “czar”?
We need one now to review all large energy use proposals so we only approve those for the public good.
A. Low income housing development = yes
B. Bitcoin mining = go to jail

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