Patrefans
Igi from patreon
Igi patreon

Log Entry #47: Decisions & Consequences

🕑 Added 2020-10-07 10:19:09 +0000 UTC

Comments

"As of 2020, the amount of power consumed by bitcoin miners is equal to more than seven nuclear power plants or 21.8 million photovoltaic (PV) solar panels. As powerful as 2,884 utility-scale wind turbines or 9.1 million horses (horsepower) of energy." ... that is insane!!!!

0xFFF1

Yeah that no accumulation of wealth thing is too communist. RIP all motivation for parents to improve the lot of their children. The no taxes thing is plausible because all the industry and manufacturing is handled by the AIs. Taxes would be entirely superfluous at this stage. The only thing to note is that taxes are how fiat currencies are legitimized, since you have to pay a country's taxes in the currency they issue. Without that you're stuck legitimizing it through useless computational work like a cryptocurrency. Do you know what % of the world's electricity is spent on bitcoin mining?


More Creators