Bitcoin is an example of externalities, right? So the technology is there and it's like, oh, and the externality that we met, we just essentially made it profitable to burn energy. As long as you make more in Bitcoin than you spend an electricity, it is a profitable endeavor. And people do. It makes sense from our financial perspective, but from a like, from a earth perspective of like, so what value are you creating? Well, it's kind of like a pyramid scheme and some people get rich.
- Pre-show: Marco files a verbal Radar for Apple Music
- Follow-up:
- Apple’s New Child Safety Features
#askatp
- What’s our current thoughts on accelerating the heat death of the universe cryptocurrency (via Lalo Vargas)
- Is there any way to limit Messages’ size on disk? (via Richie Aharonian)
- What camera/lens should I rent for a Disney World trip? (via Andrew Nelson)
- Post-show: Some more camera banter
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