pissing power down the drain into pointless calculations is better than actually using that power. this is your civilisation on financialisation people, don't let it happen
Love that rational market prioritizing imaginary internet money over electricity that people could actually use.
It feels like such a fitting way for capitalist civilization to shit itself into barbarism; eating itself alive for a speculative commodity that isn’t even a tangible object. Abstraction built upon abstraction built upon abstraction, and at the root of it all is just a means of spewing ever more carbon into the atmosphere in order for folks to dominate one another.
Part of me thinks of that problematic lib STEMlord quote about the “greatest minds of our generation are spending their lives thinking about how to make people click ads”, and recontextualizes it towards imagining what could have been achieved with all of the computing power spent on doing proof of work for this shit. The tyranny of markets is depressing.
We could have a completely decarbonized electrical grid if half of the resources (human talent, education, capital investment) that were spent on either banking or advertising over the past 30 years had been dedicated to nuclear and wind power. It sucks.
nuclear and wind power
weird way to spell collective farming but ok
This screenshot should go in a textbook about how capitalism killed itself
Life Pro Tip: Your kidney are worth roughly $10,000 on the black market are worth nothing if they're still inside of you, selling both kidneys also gets you a higher roi per kidney!
"It’s the best [type of bitcoin mining] because we’re using renewable energy"
