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Fludd diagramIt's getting on for midnight, so we can proceed with a new Magic Monday. Ask me anything about occultism and I'll do my best to answer it. Any question received by midnight Monday Eastern time will get an answer. (Any question received after then will not get an answer, and will likely just be deleted.) If you're in a hurry, or suspect you may be the 143,916th person to ask a question, please check out the very rough version 1.0 of The Magic Monday FAQ here


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With that said, have at it!

***This Magic Monday is now closed. See you next week!***

Re: Cult of Bitcoin

Date: 2021-05-24 07:30 pm (UTC)
From: (Anonymous)
As you research these currencies, I would really like to recommend you look at the energy consumption requirements of bitcoin in particular and the ecological implications of that. As far as I can tell (though I am no expert), all the cryptocurrencies fundamentally rely on an increasing rate of consumption of some resource to function. That is, for a fixed number of people making a fixed rate of transactions with a fixed technology, the rate of energy use of bitcoin, for instance, will continue to grow without bound. "Proof of work" currencies consume energy as their resource (remember in physics work = energy), while "proof of space" currencies consume disk drives and therefore physical resources (rare minerals, etc.) If there *is* something occult going on with them, it's far from clear to me it's ethically wholesome.

Re: Cult of Bitcoin

Date: 2021-05-24 11:07 pm (UTC)
From: (Anonymous)
The counter argument would be that our national currency is called the petrodollar and is backed by violence. PM mining is also not a very eco friendly endeavor, and most of the supposed green technologies do not live up to the hype. It begs the question if we are not supposed to live with extravagant wealth, which always seems to come at some sort of cost. Maybe crypto has a place in the future however, as citizens of China, Iran and Venezuela are using it to escape oppression.
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