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It's hard to ignore the externalities of these crypto adventurers. 1. The enormous carbon footprint spent on something that is 90% a pyramid scheme is absolute
by rmellow 5y ago
It's hard to ignore the externalities of these crypto adventurers.
1. The enormous carbon footprint spent on something that is 90% a pyramid scheme is absolutely everybody's business. I don't care that you legally paid for the hardware and the electricity bill, it's about the amount of waste generated on something that barely provides a net benefit to humanity.
Yes, there are other industries that are guilty of the same, but it doesn't mean cryptocurrencies get to evade the criticism.
2. It's hard to ignore the fact that I can barely get a decent GPU these days to carry out my research. It's not the sole fault of crypto, but it adds to the problem. Depending on how Chia goes, the market for storage might be affected as well.
3. When we as a society allow scams to thrive, we undermine the general level of trust. Trust has a very real monetary consequence, and we see the effect of this in different societies.