The Moneyless Man

[benjamindees]

Mark Boyle
"The Moneyless Man"
TEDxO'Porto


Economics student sees "Gandhi", decides to go live in the woods without money:
https://www.youtube.com/watch?v=pr1NUkIXd_c

His website:
http://www.justfortheloveofit.org/

I wonder, can the Bitcoin community convince people like Mark that Bitcoin offers a solution to re-connecting economics and the environment without having to forage berries and wipe your butt with leaves?

[Anon136]

a not so surprising reaction to spending years of one life dedicated purely to the study of keynesianism.

[odolvlobo]

I wonder, can the Bitcoin community convince people like Mark that Bitcoin offers a solution to re-connecting economics and the environment without having to forage berries and wipe your butt with leaves?

Actually, he doesn't forage berries or even grow his own food. He gets food out of the trash. Everything he has was bought with money by him or by somebody else. The real lesson here is how one person can live without money by depending on other people with money.

[hazek]

Money facilitates trade. It's that simple.

This fellow is confused.

Ohhhh... state controlled economies fail... therefor money sucks. Bologna.

Lets see how his plan works out when there are 100000 lumberjacks for every 1 heart surgeon.

Specialization allows us to not live in off grid caravans and bathe in the river while wiping our ass with newspaper. Money and specialization go hand in hand. Specialization leads to advancement of society as a whole.

The solution is simple, return to strong money that isn't controlled by a few for the benefit of a few.

^ he nailed it.

[grondilu]

a not so surprising reaction to spending years of one life dedicated purely to the study of keynesianism.

 

[Invictus]

I wonder, can the Bitcoin community convince people like Mark that Bitcoin offers a solution to re-connecting economics and the environment without having to forage berries and wipe your butt with leaves?

LOL wut?

Bitcoin is a 400 Megawatt waste of energy.

[benjamindees]

LOL wut?

Bitcoin is a 400 Megawatt waste of energy.

Do you even know what a Megawatt is?

[xxjs]

LOL wut?

Bitcoin is a 400 Megawatt waste of energy.

Do you even know what a Megawatt is?

He does not, probably, but I do: It is a measure of effect. You can convert it to horsepowers if you like. It is work (or energy) per time unit.

[benjamindees]

LOL wut?

Bitcoin is a 400 Megawatt waste of energy.

Do you even know what a Megawatt is?

He does not, probably, but I do: It is a measure of effect. You can convert it to horsepowers if you like. It is work (or energy) per time unit.

Then can you tell me how many Megawatts Bitcoin actually uses?

[Invictus]

LOL wut?

Bitcoin is a 400 Megawatt waste of energy.

Do you even know what a Megawatt is?

He does not, probably, but I do: It is a measure of effect. You can convert it to horsepowers if you like. It is work (or energy) per time unit.

Yes I do. 
400 megawatt hours (excuse me) 
Huge waste of energy compared to the little transactions and users.

So where exactly is the solution to reconnecting enviroment and economics my fellow physicists smartpants?

[Luno]

LOL wut?

Bitcoin is a 400 Megawatt waste of energy.

Do you even know what a Megawatt is?

He does not, probably, but I do: It is a measure of effect. You can convert it to horsepowers if you like. It is work (or energy) per time unit.


Yep you know the definition but don't bother to do the calculation 400MW is right: MW is power it's not work or energy. Work is power x time. A Lightning bolt is high power but of short duration so the total amount of energy or work in lightning strike is only around 70 KWh.

Horsepower is, as the name implies, power. There is a unit called "horsepower hours" which you use to compare stationary engines fuel efficiency.

Sometimes you se and ad: " This space heater uses 2 KW hour per hour" Which is a comlete mess up of the units; if a space heater used 2KWh of energy in one hour, the the power of the heater is 2 KW, no reason to multiply and divide the same hour in one sentence.  Likewise when you talk about your mining rig, it uses 2000 Watts. In a month that's 730.48 hours and your electricity bill will be for 2000 Watts x 730.48 hours = 1461 KWh or 1.461 MWh.

So the post about global mining uses 400 MW, it implies that mining is 292 GWh per month so it sounds about right.

[Luno]

LOL wut?

Bitcoin is a 400 Megawatt waste of energy.

Do you even know what a Megawatt is?

He does not, probably, but I do: It is a measure of effect. You can convert it to horsepowers if you like. It is work (or energy) per time unit.

Yes I do. 
400 megawatt hours (excuse me) 
Huge waste of energy compared to the little transactions and users.

So where exactly is the solution to reconnecting enviroment and economics my fellow physicists smartpants?

So you corrected 400 MegaWatts to MegaWatt Hours??? I stand correted you don't know your units.

[xxjs]

LOL wut?

Bitcoin is a 400 Megawatt waste of energy.

Do you even know what a Megawatt is?

He does not, probably, but I do: It is a measure of effect. You can convert it to horsepowers if you like. It is work (or energy) per time unit.

Then can you tell me how many Megawatts Bitcoin actually uses?

Here we go:

A typical mining rig 100W at 60 GH/s
Network hashing rate is currently estimated to 20000 GH/s, so mining is now

100*20000/60 = 33 kW

Say we have 10000 clients running on normal PC's, each drawing 50W, but is used for other purposes, say we allocate 10W to each, that is 10*10000= 100kW.

Mining and clients 133kW. That is 178 horsepowers.

Running the network one year is 60*60*24*365 * 133000 J = 4194 GJ
Same as 1.165 MWh or 3975 million BTU.

At 9.7 kWh/liter, that is 120000 liters of diesel.

I need to double check these calcualations before I post...

[Invictus]

LOL wut?

Bitcoin is a 400 Megawatt waste of energy.

Do you even know what a Megawatt is?

He does not, probably, but I do: It is a measure of effect. You can convert it to horsepowers if you like. It is work (or energy) per time unit.

Yes I do.  
400 megawatt hours (excuse me)  
Huge waste of energy compared to the little transactions and users.

So where exactly is the solution to reconnecting enviroment and economics my fellow physicists smartpants?

So you corrected 400 MegaWatts to MegaWatt Hours??? I stand correted you don't know your units.

What is the correct unit mr. future nobel prize winner?

I don't know where you buy your power, but I have to pay for kilowatt hours and 400 MWh is the correct unit if you want to calculate the CO2 emissions, price, etc. easily.

So where exactly does the enviroment benefit?  

[Invictus]

LOL wut?

Bitcoin is a 400 Megawatt waste of energy.

Do you even know what a Megawatt is?

He does not, probably, but I do: It is a measure of effect. You can convert it to horsepowers if you like. It is work (or energy) per time unit.

Then can you tell me how many Megawatts Bitcoin actually uses?

Here we go:

A typical mining rig 100W at 60 GH/s
Network hashing rate is currently estimated to 20000 GH/s, so mining is now

100*20000/60 = 33 kW

Say we have 10000 clients running on normal PC's, each drawing 50W, but is used for other purposes, say we allocate 10W to each, that is 10*10000= 100kW.

Mining and clients 133kW. That is 178 horsepowers.

Running the network one year is 60*60*24*365 * 133000 J = 4194 GJ
Same as 1.165 MWh or 3975 million BTU.

At 9.7 kWh/liter, that is 120000 liters of diesel.

I need to double check these calcualations before I post...

Or 4194000000 N*m

But a lot of people are still running gpus. About 1 MH/s per Watt.

https://blockchain.info/stats

This is where I took the info.

[xxjs]

Yes. A rough guestimate. A single heavy truck running day and night consume just as much as the whole bitcoin network. I would say that is cheap.

I wonder what is the power consumption of a 85 G$/month fiat printing machine.

In short, we use so little energy that it is just not fun. Can something be done?

[thefiniteidea]

... so anyway

yeah probably the worst Ted talk I've ever seen.

though, now that i'm thinking about it... im open to submissions...