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Grangar | 2 years ago

How much energy is spent, and how much pollution is caused by traditional finance?

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kd913|2 years ago

Are you really gonna spew this line of reasoning dear crypto bro?

You know the answer and energy cost of both here. One serves an entire a nation at an energy cost that is less than this waste of computation.

The other causes a enegy cost equivalent to entire countries for a total of 250k transactions. Never mind the sheer monumental ewaste generated. Bitcoin is a trash currency and any advocates are garbage for the sheer environmental disaster they cause. It single handedly undoes renewable trends but le number goes up.

The fact this low hanging fruit hasn’t been banned from above is frankly shameful.

npoc|2 years ago

Don't worry - if it's so inefficient it will succumb to more efficient alternatives that perform the same function, right?

I wonder why that still isn't happening after 15 years? In fact it seems to be only growing stronger.

A reasonable conclusion is that it's not what you think it is.

robcohen|2 years ago

Lots of crypto tech doesn’t use this much energy. Proof of work is pretty obsolete by now, so it’s just no longer a relevant argument.

Sure Bitcoin is expensive energy-wise, but criticize Bitcoin for that not crypto.

x86x87|2 years ago

Wow. That's a really high horse you're riding over there. Are you saying that the "crypto bros" are using free electricity to power the likes of bitcoin?

If they are paying for the electricity what are you actually arguing against? The free market? Freedom?

Next time you start getting ideas abour banning things look into history for examples when banning shit was attempted and what happened.

yashg|2 years ago

Aha! Please tell me more about how your 7 transactions per second magic internet money is going to replace global finance and help the unbanked in Africa! BTW, have you guys decided whether your funny token is an asset or currency?

npoc|2 years ago

Through fast payment rail networks built on top. But that's not important to it's success. The "funny token"'s base layer (the bitcoin network) is optimised for storing large amounts of value for large periods of time meaning that it will attract a large portion of the wealth in the world just as it is.