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authorKarl <gmkarl@gmail.com>2021-05-08 10:42:24 -0400
committerbitcoindev <bitcoindev@gnusha.org>2021-05-08 14:42:39 +0000
commitc469d47b8be1941ee71486a03ebcf9d9d5f709bc (patch)
treec9d0340626f12f4a6d911b8e19870a74752fa39d
parentc0b7dba0509c90275edccd0bde0e9ba0d97a9580 (diff)
downloadpi-bitcoindev-c469d47b8be1941ee71486a03ebcf9d9d5f709bc.tar.gz
pi-bitcoindev-c469d47b8be1941ee71486a03ebcf9d9d5f709bc.zip
Re: [bitcoin-dev] Opinion on proof of stake in future
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+From: Karl <gmkarl@gmail.com>
+Date: Sat, 8 May 2021 10:42:24 -0400
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+To: honest69abe <honest69abe@protonmail.com>,
+ Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
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+Subject: Re: [bitcoin-dev] Opinion on proof of stake in future
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+--0000000000002baba805c1d28e0e
+Content-Type: text/plain; charset="UTF-8"
+
+>
+> What is more important;
+> Bitcoin mining introduces the first free-market demand for the cheapest
+> energy source.
+
+
+This is a really great idea but I think access to technologically advanced
+hardware is a stronger component than energy here.
+
+Making open community chip fabs might change that. Then anybody could get
+on the bandwagon. But right now the hardware barrier keeps the common
+person out.
+
+If you can build a chip fab, you may also be able to build a powerplant.
+Not many others can do that to compete with you. The energy economy still
+has more supply than competition or renewable energy would quickly
+outcompete nonrenewable as the price dropped.
+
+--0000000000002baba805c1d28e0e
+Content-Type: text/html; charset="UTF-8"
+Content-Transfer-Encoding: quoted-printable
+
+<div dir=3D"auto"><div class=3D"gmail_quote" dir=3D"auto"><blockquote class=
+=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px #ccc solid;padd=
+ing-left:1ex">What is more important; <br>Bitcoin mining introduces the fir=
+st free-market demand for the cheapest energy source.</blockquote></div><di=
+v dir=3D"auto"><br></div><div dir=3D"auto">This is a really great idea but =
+I think access to technologically advanced hardware is a stronger component=
+ than energy here.</div><div dir=3D"auto"><br></div><div dir=3D"auto">Makin=
+g open community chip fabs might change that.=C2=A0 Then anybody could get =
+on the bandwagon.=C2=A0 But right now the hardware barrier keeps the common=
+ person out.</div><div dir=3D"auto"><br></div><div dir=3D"auto">If you can =
+build a chip fab, you may also be able to build a powerplant.=C2=A0 Not man=
+y others can do that to compete with you.=C2=A0 The energy economy still ha=
+s more supply than competition or renewable energy would quickly outcompete=
+ nonrenewable as the price dropped.</div><div dir=3D"auto"><br></div></div>
+
+--0000000000002baba805c1d28e0e--
+