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Re: [CFRG] Bitcoin delenda est. Was: Escalation: time commitment to fix *production* security bugs for BLS RFC v4?

Thomas Dineen <tdineen@ix.netcom.com> Mon, 26 April 2021 21:54 UTC

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From: Thomas Dineen <tdineen@ix.netcom.com>
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Date: Mon, 26 Apr 2021 14:54:36 -0700
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Subject: Re: [CFRG] Bitcoin delenda est. Was: Escalation: time commitment to fix *production* security bugs for BLS RFC v4?
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Hey I do have a bridge for sale, its a really big one!

Also i have an new exchange where I will trade your stimulus check for 
Magic Beans.

Thomas Dineen




On 4/26/2021 1:54 PM, Phillip Hallam-Baker wrote:
> On Mon, Apr 26, 2021 at 4:38 PM Thomas Dineen <tdineen@ix.netcom.com 
> <mailto:tdineen@ix.netcom.com>> wrote:
>
>     Climate Change is a hoax, stop this nonsense, and get back to work.
>
>     Thomas Dineen
>
> 1) Climate change is not a hoax.
>
> 2) I don't work for you, so what work I do or do not do is none of 
> your business.
>
> 3) A community that claims to be manufacturing vast sums of digital 
> cash from thin air comes here demanding free consulting. If this is 
> indeed an issue, why not sell the bug as an NFT and use the proceeds 
> to pay a consultant?
>
>     On 4/26/2021 1:23 PM, Mike Hamburg wrote:
>>     Also, sorry for the double post, but according to
>>     https://digiconomist.net/ethereum-energy-consumption
>>     <https://digiconomist.net/ethereum-energy-consumption>, Bitcoin
>>     energy consumption is up 37% year-on-year, and Ethereum is up by
>>     a factor of 5 (!!!) year-on-year. Something that's ~1% of human
>>     electricity consumption, and rising significantly year-on-year,
>>     is absolutely something to be concerned about.
>>
>>     There are claims that this will somehow help us soak up surplus
>>     solar energy during the day, and be idle by night, but this is
>>     like Ethereum-proof-of-stake from my POV: until it actually
>>     happens at scale, I won’t trust it.
>
>
> I had intended to direct the response to the IETF list where this 
> appeared to originate (gmail's approach to threads sometimes breaks 
> expectations).
>
> But since they are continuing, I will note that the 'flexible' 
> approach to facts is rather a problem when claiming to be creating the 
> new form of finance.
>
> I have been hearing how proof of work will be superseded for over a 
> decade at this point. Using projections for electricity consumption in 
> 2040 to compare actual consumption by crypto in 2021 is not honest.
>
> We have gone to great effort to reduce global demand for electricity 
> by a few percent with the shift to LED lightbulbs. And crypto 
> currencies are basically throwing 0.5% of electricity generated down 
> the drain. And most of that in countries like China where energy 
> demand is booming because of the needs of the human population and the 
> state is building coal power stations in a desperate attempt to meet 
> demand.
>
>
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