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Thread: Crypto-cancer fade out end of civilization for Fermi paradox?

  1. #1 Crypto-cancer fade out end of civilization for Fermi paradox? 
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    Imagine civilization gets a positive feedback mechanism for wasting resources, like cryptocurrencies: “one gets $100 banknote if burning $99 worth resources”, leading to exponential growth of waste at individual gains.


    We can observe exponential growth of their energy consumption, worsening shortages of electronics, simultaneously these cult-like societies are growing in power/influence, can buy politicians (e.g. El Salvador) … further taking control of chip manufacturers and power plants, in a few years growing to 50%, 90%, 99% of world energy production?


    Can such positive feedback be always balanced at a reasonable level, instead of approaching 100% of resources of civilization?
    In other words: could it lead to fading out end of civilization – as a way for “It is the nature of intelligent life to destroy itself” explanation of Fermi paradox?
    How frequent could it be? What are the chances for our civilization?

    ps. Bitcoin energy consumption from https://cbeci.org/, nearly exactly 2x growth per year - in 6 years should grow for 1% to ~60% of world energy production:


    Last edited by Jarek Duda; June 14th, 2021 at 02:31 AM.
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  3. #2  
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    Quote Originally Posted by Jarek Duda View Post
    In other words: could it lead to fading out end of civilization
    I don't think bitcoin is going to end the world, so you can calm down.


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    Forum Senior Double Helix's Avatar
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    Quote Originally Posted by Bufofrog View Post
    I don't think bitcoin is going to end the world, so you can calm down.

    Bitcoin could collapse due to the energy demands alone, along with all the others:

    "How Bitcoin's vast energy use could burst its bubble"

    https://www.bbc.co.uk/news/science-environment-56215787
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  5. #4  
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    Quote Originally Posted by Double Helix View Post
    Quote Originally Posted by Bufofrog View Post
    I don't think bitcoin is going to end the world, so you can calm down.

    Bitcoin could collapse due to the energy demands alone, along with all the others:

    "How Bitcoin's vast energy use could burst its bubble"
    And I don't think that would end the world.
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