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The cost of bitcoin is not even comparable to Hollywood or sports or any of the things you mentioned. Bitcoin is entirely based on energy and those things are n
by Houshalter 9y ago
The cost of bitcoin is not even comparable to Hollywood or sports or any of the things you mentioned. Bitcoin is entirely based on energy and those things are not. You buy a $5 movie ticket and most of that money is going to actors, visual effects artists, and all the other names you see on the credits. You buy $5 worth of bitcoin and you have bought almost $5 worth of electricity.
Gwern estimates folding@home kills about 2 people every year just in the direct cost of air pollution (to say nothing of the effects of climate change.) https://www.gwern.net/Charity-is-not-about-helping https://www.gwern.net/Charity-is-not-about-helping Bitcoin is orders of magnitude bigger than folding@home. It's a complete massacre.
- deleted 9y ago[deleted]
- thisisit 9y ago> You buy a $5 movie ticket and most of that money is going to actors, visual effects artists, and all the other names you see on the credits. You buy $5 worth of bitcoin and you have bought almost $5 worth of electricity. So your defense effectively is if I buy $5 of food and eat it, well it is any lost any way so I should buy $5 of bitcoin instead? I am sorry but it is exactly this kind of flawed reasoning which ensures people don't take bitcoin seriously.
- Houshalter 9y agoI'm sorry I can't understand your comment. I am arguing against bitcoin. The environmental destruction and human loss of life caused by bitcoin is enormous.