Bitcoin

Out of context: Reply #2236

  • Started
  • Last post
  • 2,674 Responses
  • Projectile3

    Explain something to an idiot please:

    Why is crypto so fucking energy intensive, and can it not be redesigned to NOT be so bad for the environment?

    Even from a purely financial POV, if you could come up with a green-friendly coin, Elon would jump on it, promote it and you'd be rolling in money!

    I, and millions of others, would love to jump on board if not for the environmental impact.

    Projectile 3Permalink
    UpvoteDownvote
    Flag
    • Yes, they're working on it / some coins already purport to have it. Difference is currently essentially 'Proof of work' vs. 'proof of stake'Nairn
    • there are a bunch, bitcoin and other proof of work systems are particularly bad because the 'nodes' prove they are secure to the network by continuallykingsteven
    • processing data. there are even orgs like energy web who's aim is to use the blockchain to make energy markets themselves more environmentally friendlykingsteven
    • i'm not a fan of bitcoin, which is the worst major cryptocurrency in just about every aspect except securitykingsteven
    • Ethereum 2 coming, more green.
      There's coins like Tezos which are far far greener.      microkorg
    • There already exist eco-friendly coins (IOTA, NANO etc), but no one cares about them, because no one is interested in using crypto to begin withdrgs
    • Thanks y'all. What would be the most eco friendly one that's worth investing at the mo?Projectile
    • ETH 2 was postponed AGAIN ofc
      maybe 2022

      LOL always a year ahead...      grafician
    • they are tryin it to make work of stake for years... it will never happen. all the upscaling of bitcoin to mass use is fake anyway... u have to build millionsneverscared
    • of atomic plants... the whole operation is
      utter nonsense.      neverscared
    • Like, it's not even processing anything worthwhile. If they were burning through millions of games of Minesweeper *then* it would be useful.face_melter
    • People who mine Ethereum should be beaten.i_was
    • Ok Captain Planet, what areas of your life have you reduced energy consumption?Hayoth
    • so should racists, so pick a number and someone will get to you soon.face_melter
    • ^what the fuck are talking? what racism has to do here?i_was
    • The Tezos 'greener' currency has been taken up by the NFT world 'cos of HicEtNunc and other platforms being a success.microkorg
    • ..so I'd bet on that over other green currencies.microkorg
    • Ppl don't want to realise that if you switch crypto with...tictacs or anything really the system still works, it's basically IOUs

      Crypto is nothing special      grafician
    • its very special in being anti-eco friendly https://www.bbc.com/…neverscared
    • why does encryption have to be so... ENCRYPTED?sarahfailin
    • LOL thanks Hayoth. I have solar panels that charge my house + car. You?Projectile
    Show [[ numHiddenNotes ]] more notesAdd Note
    SaveCancel

View thread