Bitcoin
Bitcoin
Out of context: Reply #1864
- Started
- Last post
- 2,736 Responses
- ********-2
"The Unreasonable Ecological Cost of #CryptoArt (Part 1)."
source: https://twitter.com/mattdesl/sta…
full article:
- Truth hurts?********
- Compare it to classic paper & coin money. The weight of cash in wallet X number of daily car journeys X fuel used to carry extra weight of coins =shapesalad
- Similarly - average weight of coins passengers have on a full 747 flight X fuel:cash X number of daily flights X 365 =shapesalad
- @shape the cost of that doesn't even compute mate, most money are electronic, your comparison is so...not complex.********
- also don't compare crypto with electronic money - crypto needs to be computed!********
- Everyone knows Banks are solar poweredGuyFawkes
- and investing in crypto is basically directly funding climate change.********
- BUT in other news, electric cars sales are up 60%********
- Couldn't crypto mining also potentially be powered by solar or alternative energy?yuekit
- I also wonder if the amount of computation that is currently used by something like Bitcoin is really necessary. I'm sure this gets into technical issues but ityuekit
- seems like there must be a more efficient way to achieve the same outcome.yuekit
- well, staking will resolve this soonnico412
- @yuekit why waste solar on crypto mining when you can use it to power something else?********
- in fact, crypto solved ZERO problems since inception in like what 10 years? So investing for a decade in something with no real value...cost fallacy rn********
- it's also a sign of how much wealth disparity exists today, as so many poor people invest in crypto as a quick way to get rich while the real wealthy...********
- ...gain tens of billions each year!********
- I find it very ironic that Satoshi invented a tool to reduce financial disparity and gain financial freedom and everybody using it for the wrong reasons now...********
- has Greta been briefed on this yet?Krassy
- lolGuyFawkes
- aren't banks responsible for all the wars n shit? am I going too deep?hjow much does the erf cost? is the erf flat?GuyFawkes
- Truth hurts?