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>the carbon footprint of Bitcoin Still less than the carbon footprint of the people running our current fiat-based financial infrastructure. It's the bankers
by dexen 5y ago
>the carbon footprint of Bitcoin
Still less than the carbon footprint of the people running our current fiat-based financial infrastructure.
It's the bankers who have jets, mansions and yachts, not the bitcoiners.
Edit to clarify:
Not that riches is somehow "wrong" - it's just that with major value comes major costs, which in practice mean major energy usage.
- the_cramer 5y agoPlease take this from a guy who is not in any way a finance/economy expert: Why does the currency have anything to do with the wealth of the bankers. Bitcoin is, as far as i know, a fiat currency too. The value depends on the believe (demand-supply) of the people. You accepting it as means of payment gives it value. The reason bankers and others have yachts are interests, Investmens, tax avoidance schemes and so on. Nothing Bitcoin solves. The issue is a political one and how we do business and laws.
- axlee 5y agoThese people have been convinced by the same yacht-owners that they hate that fractional banking and inflation (and definitely not proper regulation, taxation and redistribution) are the keys to a more equal society.
- lm28469 5y ago> Still less than the carbon footprint of the people running our current fiat-based financial infrastructure. One is literally supporting the world and the other is used by a few million people as a speculative asset, money laundering scheme or to buy drugs online. And on top of that you're wrong...
- Scarblac 5y agoBitcoin uses far more energy than the jets, mansion and yachts of bankers.
- keymone 5y agoBitcoin uses zero energy.
- danaw 5y agoDo serious bitcoin supports really believe this nonsense?
- keymone 5y agoyeah, nothing but ad hominems, people with your level of ignorance don't have much else.
- danaw 5y agoI can't tell if you're just trolling or you're trying to make a point that Bitcoin actually uses no energy which, unless you do some crazy mental gymnastics, is quite a bizarre perspective to hold. And please explain how my question is ignorant but the stance you're taking isn't?
- keymone 5y agoWell, your question assumes that bitcoin is using energy and anybody thinking differently must be ridiculed. Bitcoin isn’t using any energy, bitcoin is a marketplace where security of financial asset is represented in terms of energy expenditure.
- afiori 5y agoairplanes use no energy, they offer a marketplace where token of fuel consumption are exchanged for weak guarantees of transportation
- keymone 5y agoif you want to see it that way, sure, but i'd say it's stretching. airplanes convert energy into miles travelled. bitcoin converts energy into security of an asset. if nobody needs to travel or nobody needs the security - no energy is spent.
- afiori 5y agostatistically speaking drunk drivers (as a total) cause less incidents of sober drivers (as a total)