2 ms·

The environmental harms of cryptocurrencies hurt everyone. It's a classic externality.

• codehalo 5y ago
  Even worse than coal mining and ICE vehicles right? I don't see all this righteousness for those.
  • MrRadar 5y ago
    I want to see those things go away too, but we're going to need to significantly increase the energy efficiency of our entire society to be able to achieve that. Cryptocurrency mining is anti-efficient, by design. How much coal generation could we retire just by eliminating the energy demand from cryptocurrency mining? I suspect the answer to that question is more than zero.
• logicchains 5y ago
  > The environmental harms of cryptocurrencies hurt everyone. It's a classic externality. A rational solution would be a carbon tax, so pollution is no longer an externality. Focusing only on Bitcoin only makes sense if one's agenda is just to hurt Bitcoin.