Bitcoin
Bitcoin
Out of context: Reply #1970
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Bitcoin is a mouth hungry for fossil fuels
"I think the story of Bitcoin isn’t a sideshow to climate; it’s actually a very significant and central force that will play a major role in dragging down the accelerating pace of positive change. This is because it has an energy consumption problem, it has a fossil fuel industry problem, and it has a deep cultural / ideological problem.
All three, in symbiotic concert, position Bitcoin to stamp out the hard-fought wins of the past two decades, in climate. Years of blood, sweat and tears – in activism, in technological development, in policy and regulation – extinguished by a bunch of bros with laser-eye profile pictures. I’m worried, and I want to explain why."
- what's the eco foot print of a medium sized countires Fiat use? All materials used in coins, notes, transporting, storing, computers, plastic cards, ATMs,shapesalad
- Electricity used at bank branches and offices, all the office equipment, staff, etc etc... if you compare the total ecological footprint x100 years,shapesalad
- i think you'll find a crypto currency would use less electricity. Maybe not bitcoin as it's not best optimised for large vol transactions.shapesalad
- Especially better if the coins are minted using renewal electricity, like in Iceland.shapesalad
- It could drive the investment in renewable energy. Miners need to find more efficient energy sources as mining becomes harder, or the cost won't justify miningBaskerviIle
- Could countries in on the equator in Africa, who have huge amounts of solar energy, benefit from this and become winners in solar powered mining efforts?BaskerviIle
- @shape again, just for you:
no crypto coin is a currency! none! not one!
You use $ to buy Bitcoin, do you even get that?******** - @Basker why would we spend ALL that energy on crypto which is useless tech instead of using it for other stuff?********