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Bad arguments. Estimating social benefit of cryptocurrencies by the dollar cost of mining operations is obviously incorrect. No perspective on the big picture.
by effie 6y ago
Bad arguments. Estimating social benefit of cryptocurrencies by the dollar cost of mining operations is obviously incorrect.
No perspective on the big picture. Pollution they talk about is happening at power plants, not mining rigs. Net electric energy consumption of cryptocurrencies is less than 1% of world total.
Proposing targeted regulation policies on minor consumer classes, no mention of big problems(transport, coal plants) and big solutions (nuclear energy). Looks very biased.
This looks like a nice lobby/news propaganda scribble from a think tank working against cryptocurrencies. Not as a scientific paper.