I wonder how long it takes to bundle renawables only with batteries and sell that without subsidising fossil based electric energy.May the fossil burners go bankrupt rather sooner than later as it's a more reliable way to get them out of the mix than regulation is.
Just imagine how 'cheap' it'd be, had they included all calculatory costs for severe incidents (typically not possible to get insurance for them, so the public has to bear the costs of those incidents) and long-term storage in their operating costs and energy prices, repectively.Economically it makes no sense to prefer nuclear to renawables.Only the transformation is somewhat strenuous.
Going from PoW to PoS and reducing the overall ecological (and economical) footprint by doing so was a great win for Ethereum and the planet.This eludes stubborn haters and why wouldn't it, if their key characterisicts are 'stubborn' and 'hater'.
Oh, I do like the sea, the waves, the beach.What I don't like so much is people trying to force their (imho) limited perspective on others.So please go on hating crypto unaware that you basically just hate Bitcoin (and potentially other crypto involving mining) - at least that can be derived from your recent comments - but leave me out of it.If you can't deal with having easily falsified a statement of yours, that had no merit in the first place, you might consider refraining from making such statements.Have fun!
Well, you could try to see things as differently as they are. While I agree that PoW aka 'mining' is bad (e.g. for the environment) and there are a gazillion of scams out there, that doesn't mean that each and every crypto is bad.
Well, the Bitcoin miners are estimated to use around 175 TWh of energy annually, which equals an electric power of around 20 GW : https://www.statista.com/statistics/881472/worldwide-bitcoin-energy-consumption/This is several orders of magnitude above that of all the mainframes in the world - unless there are more than 116 million mainframes of that type in operation and running at full load.
But unless you use Monero or other crypto with similarly strong privacy all you do is leave a permanent trail for agencies to investigate.Using shell companies on the Cayman Islands might be the safer approach.
I agree that scaling power comsumption is unsustainable - both ecologically and ecoomically!But power consumption is no inherent attribute of crypto, but a design choice.Bitcoin just refuses to adjust.Ethereum did that not very long ago.
What I'm trying to say is: there are designs available that operate at a very tiny power consumption.Don't lump all crypto together with Bitcoin.
This post would require "x " though.