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Comment Re:A principled stand? What principle? (Score 2) 129

I have donated quite a bit (I think) to Wikipedia, and I will stop doing so. I donated around $50 every year, which according to their website is far more than the average.

I will continue to be grateful to their services, but I am trying to reduce my dependence on the banking system, and an organization that explicitly is trying to do the opposite is someone I cannot support.

Comment The ironic thing doesn't compute for me (Score 1) 129

From the article:

"It's ironic that so much of the crypto ethos involves ostensible self-governance and individual agency, but then members of the crypto community who are not otherwise a part of the Wikimedia community try to force crypto on us," she explained. "I hope they take this as a reminder that self-governance means listening to community members even when the outcome is not profitable or good PR for them."

So if "crypto people" want to force it on "them" and they want to decide what to deal with, it seems to indicate that they don't want my donations, because I am on of the "crypto people". This us vs them must mean that it is the Wikipedia community (which excludes "crypto people") who are supposed to fund Wikipedia.

And she certainly don't want people who are not part of the Wikimedia community to sponsor the organization apparently. But why are they then asking for donations? This "ironic" thing doesn't compute for me.

Comment Re:BIZX Campaign to lower your standard of living (Score 1) 151

> Why should all those miners suddenly stop mining? That doesn't follow at all. More likely they'll double down and invest even more in mining hardware. Energy usage for mining + opex for mining hardware can never be higher than the value of new BTC mined. The BTC mined decreases by 20% y/y. Only if the value of bitcoin increases by more than 20% y/y will energy usage increase.

Comment Enormous wealth transfer North - South (Score 1) 219

This is an enormous wealth transfer from northern Europe to the south. The energy requirements per household in the north is 7x that of the south, but luckily there is abundance of clean, cheap, energy in the north.

By upgrading the grid, the energy prices will be aligned in all of EU.

However, if the acceptable energy expenditure, in EUR, for a year in the south is approximately the same as in the north, this will make keeping warm for poor people in the north, basically impossible.

Thus the north will be green-washing the environmentalist initiatives in the south by throwing its own population under the bus.

This winter the energy prices in the north had poorer families keep indoor temperatures down to 5C as energy prices reached >$1/kWh. A house will typically consume 30.000 kWh per year, and with a new normal with energy prices at $0.5/kWh, this means a wealth transfer from the nordics to the south of around $15k per year per household.

This is counterbalanced by higher taxed income for producers in the nordics, more redistribution of tax dollars through the government, less economic efficiency, and more centralization.

This is really an elite project we're seeing. Interesting times ahead!

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