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So now we are using the climate as an excuse to attack bitcoin? Weak propaganda.
by aokiji 6y ago
So now we are using the climate as an excuse to attack bitcoin? Weak propaganda.
- maxerickson 6y agoIt's not a new development, people have been pointing out the large amount of energy consumed for quite some time.
- probably_wrong 6y agoThe article is from March 2018. It is indeed not a new development.
- giacaglia 6y agoThis attack will become more and more common
- Angostura 6y agoIt uses a shocking amount of energy. Is it wrong to point this ou?
- arebop 6y agoAluminum production and datacenter operations also use a shocking amount of energy. Apparently Argentina uses a lot of electricity. People complain about bitcoin specifically because they don't recognize any value and they're frustrated that other people disagree. If they were genuinely worried about environmental impact, they'd look at the externalities of electricity production & distribution in a more general way (cap & trade? carbon tax?) rather than arguing that one particularly visible use of electricity is immoral.
- DanBC 6y agoWe get something useful from aluminium production.
- mtnGoat 6y agoAlcoa owns 24-26% of a very large hydroelectric dam in Wenatchee Washington. It’s more profitable to sell their power shares then to run their plant, so the largest(also one of the best paying) employer in town shuttered their plant to sell power instead. There are also economic impacts not just ecological.
- FatalLogic 6y agoSome people might choose to focus on that issue, but the article is about a lot more than that
- cuchoi 6y agoBitcoin uses the same amount of energy as Argentina. I think is fair to raise the issue.
- freedomben 6y agoIt is true that the climate is used frequently as a convenient weapon against things people don't like politically, but this is a real issue. I'm a huge proponent of crypto currencies. I rail against the abuses from central banks like the Fed, and the evils of using a currency to engineer control over free people. I point this out so you know I think crypto currencies like Bitcoin are super important. But if we destroy our climate/environment, crypto currencies aren't going to feel like a big deal. We have to care about it. There are alternative models. One of the reasons I got into Eth was the work on proof-of-stake over proof-of-work they were undertaking. As proponents of bitcoin I think we do ourselves (and bitcoin) a disservice by dismissing climate-based criticisms. Sure the messenger may not be sincere and with the best of intentions, but lets take the argument seriously regardless. If there are problems with the argument, let's address those rather than question the credibility of the messenger.