Brian Eno has spent decades pushing the boundaries of music and technology, but when it comes to artificial intelligence, his biggest concern isn’t the tech — it’s who controls it.
My biggest gripe with AI is the same problem I have with anything crypto
crypto: It’s out of control power consumption relative to the problem it solves or purpose it serves.
Don’t thrown all crypto under the bus.
Only bitcoin and other proof of work protocols are power hungry. 2nd and 3rd generation crypto use mostly proof of stake and ZKrollups for security. Much more energy efficient.
Sure, but despite all the crypto bros assurances to the contrary, the only real-world applications for it is buying drugs, paying ransoms and getting scammed. Which means that any non-zero amount of energy is too much energy.
Yes, most people buy, sit on, and then hopefully sell with a profit.
However, there are a large number of devs building useful things (supply chain, money transfer, digital identity). Most as good as, but not yet better than incumbent solutions.
My main challenge is the energy misconception. The cumulative power of the ethereum network runs on the energy equivalent of a single wind turbine.
Don’t thrown all crypto under the bus. Only bitcoin and other proof of work protocols are power hungry. 2nd and 3rd generation crypto use mostly proof of stake and ZKrollups for security. Much more energy efficient.
Sure, but despite all the crypto bros assurances to the contrary, the only real-world applications for it is buying drugs, paying ransoms and getting scammed. Which means that any non-zero amount of energy is too much energy.
There are some use cases below, and none use proof of work.
https://hbr.org/2022/01/how-walmart-canada-uses-blockchain-to-solve-supply-chain-challenges
https://alastria.io/en/renewable-energy-certification/
https://www.prnewswire.com/news-releases/south-american-airline-adopts-travelxs-nftickets-on-the-algorand-blockchain-pioneering-a-new-era-in-travel-industry-301785516.html
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Yeah, but at that point you’d have to consider it against how much power the traditional banking system uses.
Yes, most people buy, sit on, and then hopefully sell with a profit.
However, there are a large number of devs building useful things (supply chain, money transfer, digital identity). Most as good as, but not yet better than incumbent solutions.
My main challenge is the energy misconception. The cumulative power of the ethereum network runs on the energy equivalent of a single wind turbine.