From mboxrd@z Thu Jan 1 00:00:00 1970 Return-Path: Received: from smtp4.osuosl.org (smtp4.osuosl.org [IPv6:2605:bc80:3010::137]) by lists.linuxfoundation.org (Postfix) with ESMTP id C8565C0001 for ; Sat, 8 May 2021 14:42:39 +0000 (UTC) Received: from localhost (localhost [127.0.0.1]) by smtp4.osuosl.org (Postfix) with ESMTP id AE51040E90 for ; Sat, 8 May 2021 14:42:39 +0000 (UTC) X-Virus-Scanned: amavisd-new at osuosl.org X-Spam-Flag: NO X-Spam-Score: -2.099 X-Spam-Level: X-Spam-Status: No, score=-2.099 tagged_above=-999 required=5 tests=[BAYES_00=-1.9, DKIM_SIGNED=0.1, DKIM_VALID=-0.1, DKIM_VALID_AU=-0.1, DKIM_VALID_EF=-0.1, FREEMAIL_FROM=0.001, HTML_MESSAGE=0.001, RCVD_IN_DNSWL_NONE=-0.0001, SPF_PASS=-0.001] autolearn=ham autolearn_force=no Authentication-Results: smtp4.osuosl.org (amavisd-new); dkim=pass (2048-bit key) header.d=gmail.com Received: from smtp4.osuosl.org ([127.0.0.1]) by localhost (smtp4.osuosl.org [127.0.0.1]) (amavisd-new, port 10024) with ESMTP id mNEcCASHAQt9 for ; Sat, 8 May 2021 14:42:38 +0000 (UTC) X-Greylist: whitelisted by SQLgrey-1.8.0 Received: from mail-lf1-x132.google.com (mail-lf1-x132.google.com [IPv6:2a00:1450:4864:20::132]) by smtp4.osuosl.org (Postfix) with ESMTPS id 80B2D406A8 for ; Sat, 8 May 2021 14:42:38 +0000 (UTC) Received: by mail-lf1-x132.google.com with SMTP id z9so16864583lfu.8 for ; Sat, 08 May 2021 07:42:37 -0700 (PDT) DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=gmail.com; s=20161025; h=mime-version:references:in-reply-to:from:date:message-id:subject:to :cc; bh=3q8rySirjq3GBOaDDQy9baJOI1zfRX0kD5Ood5aNtpA=; b=FyQ8rcjpVIgCsTwaqWHpjuI8fkShClnZWtk54ixiW1Kr9WnJJcdrmwUWZXuus6byGf 8XBllVruE9m4LsehPqKn7rg2LMPxv8cuPlMnx3LSWeJXsw9fVh2p6URHyEDTbcmkqsQR +z/txPO9goQx3M4J+BnnA9J3COhG4ukP+Uxeyj5odzsX2etmFYdrHuvSZPK91PSg/a4h wLnqAEiXJ8SLv5tY32At3bhreOhZ8AhAKxkHKv52W1yzfsgBVsV49VsXZeTpAE1DuvNZ 4vndWNJZdDlfPVW+0XaIUwpxJ146qMfPeMK5zEyrEULEZuhe5cd4I0VHHAPzYYTE79PG hghA== X-Google-DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=1e100.net; s=20161025; h=x-gm-message-state:mime-version:references:in-reply-to:from:date :message-id:subject:to:cc; bh=3q8rySirjq3GBOaDDQy9baJOI1zfRX0kD5Ood5aNtpA=; b=k67N4dn8086RBYsNegK5lyVJPgSskmgomq54tk9TOerbdv3+cIZKvKRZwzf/cEwSzd 170gnaKYSfmICiQn5U6I8yQexxR3kvNkNbzAFkbE0ANtmU1+Rk9/sc3ZTsd+mRI2trot kUb3Gi2AR4omsYZAoqO4bdHlUToucw4T4yeArdRA/P0m9QVkBNNfoktvZeAcJgD7gbCV RMER9W64kBtBGNcbjRvuvIAbpoiPrOJ2jAFJz6/2oavYzvwPFJ4u6GcJjBz8AWYD7bem tBw7M+K2X+EFhsPmPG1I3UQknj+TBXhi8w8w7kIKgz7+ng95W5Efs/C7ERg5Fvtf7n8w 2Hmg== X-Gm-Message-State: AOAM531CmTNWdLy+4VMHG5EQZolz9G0boHE3CS5DhLYBKVd2P5jHjWkh YPCqQgKiF+uGkBmkZIYn/71s8hYQtIp3mqPtj1s= X-Google-Smtp-Source: ABdhPJzYthGs/Co4tUnB0FNduXEBqMxvsGYzPmuXjTFG49dLaMOt+O+TbA6MhWaD5f4cl/r6TaBnoHELydJrF8VVI48= X-Received: by 2002:ac2:5b1a:: with SMTP id v26mr10456039lfn.534.1620484956071; Sat, 08 May 2021 07:42:36 -0700 (PDT) MIME-Version: 1.0 References: <6do5xN2g5LPnFeM55iJ-4C4MyXOu_KeXxy68Xt4dJQMhi3LJ8ZrLICmEUlh8JGfDmsDG12m1JDAh0e0huwK_MlyKpdfn22ru3zsm7lYLfBo=@protonmail.com> In-Reply-To: From: Karl Date: Sat, 8 May 2021 10:42:24 -0400 Message-ID: To: honest69abe , Bitcoin Protocol Discussion Content-Type: multipart/alternative; boundary="0000000000002baba805c1d28e0e" X-Mailman-Approved-At: Sat, 08 May 2021 14:49:34 +0000 Cc: SatoshiSingh@protonmail.com Subject: Re: [bitcoin-dev] Opinion on proof of stake in future X-BeenThere: bitcoin-dev@lists.linuxfoundation.org X-Mailman-Version: 2.1.15 Precedence: list List-Id: Bitcoin Protocol Discussion List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Sat, 08 May 2021 14:42:39 -0000 --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
What is more important;
Bitcoin mining introduces the fir= st 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.

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.

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.

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