Crypto Is Mostly Over. Its Carbon Emissions Are Not

[willio58]

Carbon emissions aside, crypto is not mostly over. Saying crypto is over right now is like saying the internet was over in 2001.

[senttoschool]

People need to stop comparing crypto to the internet. By 2001, there were many many clear internet uses cases that benefit society. Crypto has not demonstrated that since its inception.

At a time when technology improves and moves at lightning paces, crypto still hasn't proven itself to be useful in society in 15 years. In fact, it's proven to be the opposite of useful - it drains talent and promotes scams and ponzis. I see crypto as a disease.

[morelisp]

The internet was mostly over in 2001. Of all the parts we really only kept the web, and even that is just a shell for ads now.

[gardenfelder]

https://archive.ph/frBok

[joemazerino]

Carbon Emissions compared to what? This is my main issue with The Atlantic's take on modern journalism. All finger pointing and no objective comparison.

[Melingo]

Comparison why?

We are in a state that every emission is a problem.

And if you have a particular technology which create megatons of CO2 but does nothing for society besides transering money from a lot of people to less and less people what does a comparison matter?

[coldtea]

Why compare it? It's not like it's needed in the first place.

It's like asking "Tumor is bad compared to what?"

[lowkey]

See my comment down-thread. Certainly not compared to the US military that protects the value of the US dollar.

[yieldcrv]

> mostly over

Meanwhile in crypto land, a $2bn airdrop (Arbitrum) is taking up the headlines today and is a huge liquidity event for 650,000 addresses. Lots of people cashed out already and price is holding steady in the expected range.

edit: no, not garbage like Kwiktrust. hope you find higher signal influences.

[Melingo]

You mean garbage like this?:

"KwikTrust is airdropping a total of 3,000,000 KTX tokens plus referral rewards to our exclusive airdrop participants. Complete simple social tasks and submit your details to the below airdrop form to receive 50 KTX ($2.5) tokens. Also get 10 KTX ($0,5) for each referral. "

Oh yeah no no one gets rich of this joke...

[1vuio0pswjnm7]

Why doesn't the US ban mining like China. Such a waste.

[kylebenzle1]

Make it illegal to use electricity to solve math problems? How exactly would that work?

[b3nji]

The predator class sure want crypto to die, don't they?

[kylebenzle1]

Yes, crypto is the only threat to big banks