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I mean you will see people here on this forum argue that bitcoin mostly uses up peak energy and unused capacity and such bullshit nonsense - it's frankly not th
by reader_mode 5y ago
I mean you will see people here on this forum argue that bitcoin mostly uses up peak energy and unused capacity and such bullshit nonsense - it's frankly not that hard to spin a narrative that could sound plausable.
But then when you see people firing up coal plants in your back yard just to mine BTC (as opposed to China) reality suddenly kicks in and it's hard to spin bullshit arround that. Regulators are really dropping the ball on crypto - corporate entities should not be allowed to fuel this shit.
- kofddfjdfdfdff 5y agoYou see people firing up coal plants in your back yard? That's not an experience most people ever have.
- Analemma_ 5y agohttps://arstechnica.com/tech-policy/2021/05/private-equity-firm-revives-zombie-fossil-fuel-power-plant-to-mine-bitcoin/ https://arstechnica.com/tech-policy/2021/05/private-equity-f...
- mthoms 5y agoThat's natural gas, not coal.
- reader_mode 5y agoFigurative, it's easy to ignore when those power plants get started in third world countries, when it's NY it's suddenly much harder to ignore the reality.
- hellbannedguy 5y agoYea--it's gotten out of hand. Hedge funds are being chastised for not getting in early enough. Crazy? Why do I feel like lobbyists right now trying to kybash to any politician who even mentions regulations? I heard one financial talking head say today that he's buying gold. If worse cone to worse at least he can make some jewelry. I'm all for bitcoin, but wasting energy throughout the world seems wrong. And man's quest to make money knows no boundaries.