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> When you say Bitcoin "hurts the environment", what, concretely do you mean? We mean that mining Bitcoin is extremely energy-intensive by design. This is to s
by throwawaymath 8y ago
> When you say Bitcoin "hurts the environment", what, concretely do you mean?
We mean that mining Bitcoin is extremely energy-intensive by design. This is to say that the energy consumed by Bitcoin's economic activity is deliberately and gratuitously significant, not incidentally so. Moreover, the energy consumed by Bitcoin mining scales commensurate with how many Bitcoins have been mined thus far.
So yes, that makes it categorically different from other energy-expensive activities like farming or hospital maintenance. We are actually economically incentivized to consume less energy over time in most energy-expensive activities. With most cryptocurrencies, energy consumption is a design imperative.