1) Some thoughts on astralcodexten.substack.com/โ€ฆ: (Data not yet verified! DYOR.)

9:24 PM ยท Aug 19, 2021

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2) Obviously I looked at the BTC piece here. It's 'efficiency' is 79--meaning 1 BTC is worth about 79x how much it would cost to offset the carbon from being mined. All BTC existing have ~363. (Roughly in line with our calcs.) How does this compare to other activities?
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3) It's sort of middle of the road. The climate impact relative to value is smaller than: --Netflix, showers, AC, cheeseburgers, planes, ... On other hand, it's *worse* than: --Buses, Amazon, skyscrapers, Google, fighter jets, ...
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4) BTC uses energy! That causes global warming! But not more so than most things do, relative to its value/impact/price/etc. Which I think lines up.
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5) It's important for the crypto industry to work towards going green! FTX has taken a first step: ftx-climate.com/ But it's not particularly more relevant for crypto than for the average industry.
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6) Anyway, the *real* takeaway from the piece: Leaf blowers fucking suck.
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Replying to @SBF_FTX
When are we going to start a convo on how much energy is wasted by low/ negative productivity ppl? That would be truly epic
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Replying to @SBF_FTX
@KlimaDAO Bullish for the environment
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Replying to @SBF_FTX
@RikeFranke about the carbon footprint of #bitcoin compared to other things, peer-reviewed.
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Replying to @SBF_FTX
Revenue or profitability divided by annual carbon cost for all public companies would be a fascinating metrics. As would market cap divided by annual carbon costs for all cryptocurrencies.
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Replying to @SBF_FTX
๐Ÿ‘€ switching generic car to Tesla. ?
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