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That may be true, but the toothpaste is out of the tube. If we can't abruptly stop the use of fossil fuels to stop climate change, I don't think any amount of
by ravenstine 6y ago
That may be true, but the toothpaste is out of the tube. If we can't abruptly stop the use of fossil fuels to stop climate change, I don't think any amount of pointing out how much energy BTC uses is going to change the fact that it's been well established.
- paulgb 6y agoAlthough I believe it is well-established, there's still a lot of people spreading industry talking points about how it's mostly renewables, in spite of stories like this to the contrary. Motivated reasoning is a helluva drug.
- mavhc 6y agoBitcoin is an experiment to see if humans will set fire to their own house while they're living in it for a quick buck. The answer is: yes
- DennisP 6y agoI'd say it's one of a great many successful replications of that experiment.
- cdiddy2 6y agoWell mining in China moves with the seasons. During rainy season excess hydro power in Sichuan and Yunnan is used for mining, during dry season its coal in Xinjiang
- tim333 6y agoBut you can talk people into selling BTC and buying ADA or some other proof of stake coin. I think if pension funds etc go into bitcoin it'd be an environmental disaster so it's probably worth campaigning against that. The energy consumption comes out kind of proportional to the bitcoin price.