Privacy

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A place to discuss privacy and freedom in the digital world.

Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.

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Global IT outage shows dangers of cashless society, campaigners say (www.theguardian.com)

submitted 3 months ago by [email protected] to c/[email protected]

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[–] [email protected] 20 points 3 months ago (1 children)

Bitcoin lightning is absolutely hilarious. Your solution to Bitcoins problems is - not using Bitcoin. Wow, galaxy brain move.

The energy cost to maintain the base chain is <1% of global energy use, mostly from renewables

Yeah, that's bullshit. First of all, 1% of energy use for a network that serves a few million transactions per day is really bad. A single 1kW node in Visa's datacenter churns through that in an hour.

Second, it's not renewables. It's everything they can get for cheap. And that's often enough coal, gas, oil. Also, they're driving up power demand as a whole, which means fossil energy is actually needed longer.

[–] [email protected] -5 points 3 months ago* (last edited 3 months ago)

Bitcoin lightning is absolutely hilarious. Your solution to Bitcoins problems is - not using Bitcoin. Wow, galaxy brain move.

Bitcoin lightning is Bitcoin. It's a smart contract on the Bitcoin main chain. You move Bitcoin "into" lightning by sending it to that smart contract, you move it "out of" lightning by having that smart contract close. It inherits the security of Bitcoin main chain while getting the transaction speed of off-chain.

Agree to disagree about the rest. Energy use like carbon footprint is about "where you draw the box". Off-peak demand is the cheapest power available, and it tends to be renewable. That trend continues to escalate.