3 ms·
I'm really getting sick of this argument that bitcoin or any other cryptocurrency is using some ridiculous/insane amount of electricity while completely ignorin
by dclaw 6y ago
I'm really getting sick of this argument that bitcoin or any other cryptocurrency is using some ridiculous/insane amount of electricity while completely ignoring the costs of running the entire existing financial system. There are companies literally tunnelling through mountains to lay fiber so that they can make thousandths of a cent on stock trades and that's not worse? Come on.
- louwrentius 6y agoThis is a straw man argument. Yes our financial systems use power but they provide the corner stone of our societies. They do provide actual tangible value. Bitcoin doesn’t create value at al in any sense. And HF trading is a different beast, you won’t hear me defending them. But pointing at others is just whataboutism, to distract from unpleasant facts. Boiling the oceans to make a few people rich(er) is not a valid reason to exist.