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NFTs Are Here To Ruin Dungeons & Dragons
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<blockquote data-quote="Fanaelialae" data-source="post: 8602210" data-attributes="member: 53980"><p>I think you misconstrued what I was saying.</p><p></p><p>I did not claim that they would lead or (directly) inspire better solar panels. Nor was I making a claim that any single, solitary crypto farm could make such an impact upon an industry. And never did I make any claim whatsoever about them generating excess electricity (in fact, I literally stated that any electricity they generated would "[be] guzzled up").</p><p></p><p>The idea is about economics of scale. Let's just assume for a moment that the majority of crypto farms decided to fuel their farms using renewables. Maybe a new law gets passed mandating it, or it's simply that the optics of crypto get so bad that it's a borderline necessity; doesn't actually matter why. That would cause a surge of demand for renewables, flooding the renewables market with money. This in turn would encourage growth of the renewables market, bringing costs down. Which in turn, would encourage adoption by non-crypto-farmers. Which in turn fuels more growth, and (potentially) innovation.</p><p></p><p>One of the issues with the renewables industry is that a lot of the money fueling the industry is from government subsidies and incentives. That limits the growth to what the government is willing to earmark for it. And, don't get me wrong, it has helped. When I was a kid, you almost never saw solar panels unless you were visiting NASA or something. Now I live in a town where I think as many as 33% of the houses have them. Unfortunately, that isn't the case for the rest of my state. Elsewhere, even being generous, it's probably closer to 5%.</p><p></p><p>Don't get me wrong. There's a lot that can go wrong. Even with the government subsidies, greedy business that were allegedly promoting renewables, did a lot to actually give them a bad name. However, a large influx of money flowing into the renewables industry would almost certainly do significant overall good for both the renewables industry and, by extension, the environment.</p></blockquote><p></p>
[QUOTE="Fanaelialae, post: 8602210, member: 53980"] I think you misconstrued what I was saying. I did not claim that they would lead or (directly) inspire better solar panels. Nor was I making a claim that any single, solitary crypto farm could make such an impact upon an industry. And never did I make any claim whatsoever about them generating excess electricity (in fact, I literally stated that any electricity they generated would "[be] guzzled up"). The idea is about economics of scale. Let's just assume for a moment that the majority of crypto farms decided to fuel their farms using renewables. Maybe a new law gets passed mandating it, or it's simply that the optics of crypto get so bad that it's a borderline necessity; doesn't actually matter why. That would cause a surge of demand for renewables, flooding the renewables market with money. This in turn would encourage growth of the renewables market, bringing costs down. Which in turn, would encourage adoption by non-crypto-farmers. Which in turn fuels more growth, and (potentially) innovation. One of the issues with the renewables industry is that a lot of the money fueling the industry is from government subsidies and incentives. That limits the growth to what the government is willing to earmark for it. And, don't get me wrong, it has helped. When I was a kid, you almost never saw solar panels unless you were visiting NASA or something. Now I live in a town where I think as many as 33% of the houses have them. Unfortunately, that isn't the case for the rest of my state. Elsewhere, even being generous, it's probably closer to 5%. Don't get me wrong. There's a lot that can go wrong. Even with the government subsidies, greedy business that were allegedly promoting renewables, did a lot to actually give them a bad name. However, a large influx of money flowing into the renewables industry would almost certainly do significant overall good for both the renewables industry and, by extension, the environment. [/QUOTE]
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