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First of all you do realize that nobody is burning oil to mine bitcoin? And if you do but still represent it as such - why are you being manipulative? Second,
by keymone 8y ago
First of all you do realize that nobody is burning oil to mine bitcoin? And if you do but still represent it as such - why are you being manipulative?
Second, “let’s all agree I can be in charge of selecting which transactions to process because I have most money, which means I could have spent most energy” is circular system where security of money is paid for using same money.
Third, CO2 impact of cryptocurrencies is orders of magnitude lower than CO2 impact of fiat money and military structures required to assert their worth. Things don’t exist in a vacuum and you have to make the right comparisons.
- kiriakasis 8y ago> Third, CO2 impact of cryptocurrencies is orders of magnitude lower than CO2 impact of fiat money and military structures required to assert their worth. And how many orders of magnitude are cryptocurrencies smaller than fiat money?
- keymone 8y agoit’s probably the right amount of orders of magnitude, it’s free market after all, everybody is free to long and short accordingly to their beliefs.