#Bitcoin must die
If Bitcoin were to cease trading tomorrow, 0.5% of the world’s electricity demand would simply disappear. This is roughly equivalent to the output of ten coal-fired power plants, emitting 50 million tonnes of CO2 per year – which would cover one year’s worth of the carbon emission cuts required to limit temperature rises this century to 2C.
@61 @jalcine beautiful statements, albeit not true. Bitcoin consumes exactly as much electricity, as is competitive against all the other possible uses for that electricity. In other words, if the price of electricity goes higher than the block reward times hashrate divided by difficulty, miners will stop mining. Also if they had a better use for that electricity, they wouldn't mine bitcoin. Want to stop coal plants? Close them. Bitcoin runs on solar too.
Sunbeam City is a Libertarian Socialist solarpunk instance. It is ran democratically by a cooperative of like-minded individuals.