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minute (mntmn@mastodon.social)'s status on Wednesday, 13-Dec-2023 23:47:41 JST minute

how are economies/societies supposed to absorb all the energy and money wasted by blockchain and now useless AI tech? why isn't all this spent on real pressing problems. someone help me budget this

In conversation about a year ago from mastodon.social permalink
- Daniel aka CyReVolt 🐢 (cyrevolt@mastodon.social)'s status on Thursday, 14-Dec-2023 02:35:09 JST Daniel aka CyReVolt 🐢
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  @mntmn aka "tragedy of the commons"
  https://en.m.wikipedia.org/wiki/Tragedy_of_the_commons
  In conversation about a year ago permalink
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  1. Tragedy of the commons
    
    The tragedy of the commons is a metaphoric label for a concept that is widely discussed in economics, ecology and other sciences. According to the concept, should a number of people enjoy unfettered access to a finite, valuable resource such as a pasture, they will tend to over-use it, and may end up destroying its value altogether. To exercise voluntary restraint is not a rational choice for individuals – if they did, the other users would merely supplant them – yet the predictable result is a tragedy for all. The metaphor is the title of a 1968 essay by ecologist Garrett Hardin. As another example he cited a watercourse which all are free to pollute. But the principal concern of his essay was overpopulation of the planet. To prevent the inevitable tragedy (he argued) it was necessary to reject the principle (supposedly enshrined in the Universal Declaration of Human Rights) according to which every family has a right to choose the number of its offspring, and to replace it by "mutual coercion, mutually agreed upon". The concept itself did not originate with Hardin, but...
- FrostBeast (frostchild@mastodon.social)'s status on Saturday, 16-Dec-2023 13:06:27 JST FrostBeast
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  @mntmn Blockchain, crypto currency rather, ironically is more climate unfriendly than all the data centers used by the big corporations combined. The hardware required is put through intense load and then dies within a few years and then becomes part of the tech graveyard. So yeah, it would be nice if people would spend the money on helping people instead of pointless wars, or crypto currency or greed, etc...
  
  In conversation about a year ago permalink

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