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Sounds like all the electricity spent on buying and selling stocks isn't doing any good for the planet either.
by sand500 9y ago
Sounds like all the electricity spent on buying and selling stocks isn't doing any good for the planet either.
- TeMPOraL 9y agoHonestly, it isn't. Personally, I see all of those energy spending as upkeep - some amount you have to waste in order for the system to work. The difference between regular money and crypto money is that the upkeep of the former is mostly tied to physical reality and doesn't influence the value of money itself. In case of the latter, however, all that energy waste is a) completely arbitrary, and b) directly tied into the value of money (the more power you burn, the more you earn, and one party burning hard means other have to do as well, for the blockchain to stay secure). Or in TL;DR: cryptocurrencies directly incentivize wasting energy. Regular money does not.