Hi! I'm Elad, a Computer Scientist turned Startup Investor, and I founded Lunar Ventures, a fund investing in Computer Science startups across Europe and US.
We wrote a thesis and Call for Startups about Teleoperation, and I think it'll be interesting for HackerNews. I'm happy to discuss or answer any questions!!
Yes, but the amount of capital that gets stored has nothing to do with the amount of electricity that goes into the system. Bitcoin is a "battery for value" (AKA a currency). But it's not a "battery for electricity" (AKA a battery :) ).
Thank you! When I wrote the blog post, I felt it's not clearly written, and that the point might get lost. I'm heartened to see that at least one person understood what I was trying to convey. I'm doing some edits of the post for clarity, if you don't mind I'll steal some of your emphasis back into the text.
The article deems neither Bitcoin's energy consumption nor the traditional banking system's as "acceptable" or "unacceptable". (e.g. check out the footnotes.) Bitcoin's energy consumption can be "justified" in many ways (if it even needs justification at all!). But "Bitcoin is a Battery" is not a good justification, since it is demonstrable false.
We wrote a thesis and Call for Startups about Teleoperation, and I think it'll be interesting for HackerNews. I'm happy to discuss or answer any questions!!