Quote from: ghdp on April 03, 2014, 01:32:10 PM

Risto (and all),

Where do you think we will find the 100GW of electricity that we will need in order to sustain a 100k$ bitcoin ?

1. The price of electricity would rise long before we reached 100GW, thus no problem. Price always solves the problem.

2. That article assumes the genre and capital cost of the mining equipment is irrelevant. Thus with cpu-only mining, this problem will be much improved, as the both the home electricity cost per KWH and the cost of the equipment per Watt consumed are higher than for Bitcoin's specialized ASIC mining. For example, Butterfly lab's shipping 10GH/s consumes 50W and costs $349. The Intel i7 costs $329 and consumes 87W, but to build an entire system costs about double that. Also Intel has just begun focusing on power consumption reduction so this will improve at a faster rate than ASICs will.

Quote from: aminorex on April 03, 2014, 02:56:03 PM

Trading gets more complicated when you stop ignoring the moral elements.

Controlling or compensating for the morals of others is a waste of time. Masses are supposed to lose on speculation, otherwise valuation wouldn't ever converge and the masses would starve to death.

Moralists accomplish exactly the opposite of their intended result.

If you really want to help the masses, go produce some technological innovation. That is the ONLY thing that sticks.

(if you can't figure out the logic in between the lines, ask)