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Just 137 crypto miners use 2.3% of total U.S. power — government now requiring commercial miners to report energy consumption (www.tomshardware.com)

submitted 9 months ago by misk@sopuli.xyz to c/technology@lemmy.world

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[–] Varyk@sh.itjust.works 3 points 9 months ago (15 children)

Sure, it's like if you printed ink on paper and pretended it was equivalent in cost to material goods.

[–] snooggums@kbin.social 3 points 9 months ago (14 children)

Or if you pretended that material goods had an inherent value.

[–] Varyk@sh.itjust.works 0 points 9 months ago* (last edited 9 months ago) (12 children)

Pretense is not required for inherently valuable material goods.

Two sheets of cloth sewed together into pants provide protection, warmth, legal obedience.

Pants can be what keeps you from freezing to death and going to jail.

Ink stamped onto a piece of paper(or usually plastic)? A bunch of people with shared values have to agree that it means something, even though it inherently does not.

Carrying your stamped paper or plastic doesn't mean you won't freeze to death, starve to death, or anything else.

It's only value is by societal consensus, which while valuable, is not inherent, as with certain material goods.

[–] FaceDeer@kbin.social 1 points 9 months ago (1 children)

Pants can be what keeps you from freezing to death and going to jail.

This is still dependent on societal consensus. Well, the going-to-jail part, anyway. The protection from cold issue is dependent on the climate and time of year of where you happen to be located. There are many parts of the world where you could comfortably go naked.

[–] Varyk@sh.itjust.works 1 points 9 months ago

Clothes have inherent value by protecting you from exposure.

Spoons have inherent value in conveying food.

Containers have inherent value in holding and protecting resources.

Many material goods have inherent value, currency simply does not.

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