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

Michael Sierchio <kudzu@tenebras.com> Mon, 26 April 2021 18:29 UTC

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From: Michael Sierchio <kudzu@tenebras.com>
Date: Mon, 26 Apr 2021 11:28:50 -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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On Mon, Apr 26, 2021 at 11:03 AM Kyle Rose <krose@krose.org> wrote:

On Mon, Apr 26, 2021 at 1:29 PM Phillip Hallam-Baker <phill@hallambaker.com>
> wrote:
>
>> As a human being living on a planet threatened by environmental damage
>> from CO2 emissions, I am strongly opposed to any IETF work to support any
>> form of purported 'cryptocurrency' that relies on any form of 'proof of
>> work' or 'proof of waste'.
>>
>> The electricity requirements of cryptocurrencies have been larger than
>> that of entire countries. This is an experiment that it is time to stop.
>>
>
> This massively overstates the impact of mining.
>

A single bitcoin transaction uses over 700 kW-h of energy – equivalent to
the power consumed by an average U.S. household over 24 days.  Do you claim
otherwise?

– M