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The same thing could be claimed of plenty physical goods though to. How much energy was used to make the aluminum foil I baked on so i don't have to clean the p

The same thing could be claimed of plenty physical goods though to. How much energy was used to make the aluminum foil I baked on so i don't have to clean the pan? How much money is spend mining gold that im just going to carry around as jewellery that could have instead atleast been mere plating. And when all those things are directly tradable with money, and bitcoins are tradable with money, mining bitcoin is to a consumer no different than mining gold.

Mehojid 5y ago
Your argument doesn't make the other argument more ore less valid. You should always consider how much energy something consumed and how relevant it is for our society. Bitcoin has no future and is not replacing or solving a real problem. Right now it only increaes droughts and crazy weather. Mining gold is totally different than bitcoin. Not sure why you would even argue in this direction. Gold can be recycled which reduces the co2 footprint / makes it more and more useful. Gold also creates emotions and supports our society structure as a symbol on rings. It's critical for scientific discoveries and for computers. And still we need to make sure we mine gold as co2 efficient as possible with as little impact to nature than possible. Equal to bitcoin just that bitcoin doesn't do any of what gold does. My ring is a token to my love to mi wife and will be recycled in 80 years. Bitcoin is producing co2 when mined and whenever transfered and the base system needs to run 24/7 even if none is doing anything on the network. Die Bitcoin die
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henearkr 5y ago
The fact that the same reasoning can be done for other things does not remove the justification of this reasoning. This is why there is advocacy for a lot of eco-friendly behaviors, including those you mention. But the problem of cryptomining is on the heavy side of the harmful behaviors -- and potentially extremely harmful if the frenzy is not curbed, as hinted by this kind of news.

Mehojid 5y ago

Your argument doesn't make the other argument more ore less valid. You should always consider how much energy something consumed and how relevant it is for our society. Bitcoin has no future and is not replacing or solving a real problem. Right now it only increaes droughts and crazy weather. Mining gold is totally different than bitcoin. Not sure why you would even argue in this direction. Gold can be recycled which reduces the co2 footprint / makes it more and more useful. Gold also creates emotions and supports our society structure as a symbol on rings. It's critical for scientific discoveries and for computers. And still we need to make sure we mine gold as co2 efficient as possible with as little impact to nature than possible. Equal to bitcoin just that bitcoin doesn't do any of what gold does. My ring is a token to my love to mi wife and will be recycled in 80 years. Bitcoin is producing co2 when mined and whenever transfered and the base system needs to run 24/7 even if none is doing anything on the network. Die Bitcoin die

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henearkr 5y ago

The fact that the same reasoning can be done for other things does not remove the justification of this reasoning. This is why there is advocacy for a lot of eco-friendly behaviors, including those you mention. But the problem of cryptomining is on the heavy side of the harmful behaviors -- and potentially extremely harmful if the frenzy is not curbed, as hinted by this kind of news.