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What is with this Bitcoin & infinite renewables fantasy? You want to compare Bitcoin to resource use of paper money, and then claim Bitcoin's electricity use is
by vesinisa 6y ago
What is with this Bitcoin & infinite renewables fantasy? You want to compare Bitcoin to resource use of paper money, and then claim Bitcoin's electricity use is anyway irrelevant since humanity could theoretically harvest almost infinite energy from sun (someone just needs to build and maintain the infrastructure.)
Meanwhile in reality, Bitcoin's security and value is actually backed by the very scarcity of electricity (computing power) you want to deny, and almost all Bitcoin is mined with the dirtiest, cheapest and most climate unfriendly energy available: Chinese coal.