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> I’m not going to speculate on what caused the BTC crash exactly, but the bad press associated with cryptocurrencies isn’t helping anyone with crypto balance i
by ElViajero 5y ago
> I’m not going to speculate on what caused the BTC crash exactly, but the bad press associated with cryptocurrencies isn’t helping anyone with crypto balance in their wallet.
But, he is going to speculate anyway and blame the press.
> In practice, BTC isn’t really an evil force. In the wake of climate change, we should be ramping up our renewable energy production to the point where we always have an excess of power in the grid.
Ramping up production is not enough, reducing waste is key.
> One fact remains, that energy will be used by someone else who pays for it or simply wasted.
That is not how it works. Natural gas plants burn more or less gas depending on demand. Less demand is less consumption.
The article is just non-sense. Most things do not work as described in the article. The conclusions are bizarre.