3 ms·
It’s fitting this article is posted by “missinfo” on a site named ‘reason’ while presenting non-objective straw man argument, where they take a clearly false po
by haxiomic 5y ago
It’s fitting this article is posted by “missinfo” on a site named ‘reason’ while presenting non-objective straw man argument, where they take a clearly false point: “Bitcoin will use up all the worlds energy” and argue against that, while throwing in a conspiratorial angle about elites being scared of new money
There are interesting questions to explore and I would be curious to read a balanced objective take on the environmental cost of a Bitcoin centric economy - there’s a non trivial energy cost involved in running traditional banking, would the energy & environmental cost of Bitcoin exceed that? Does it already? What’s the estimated balance point where we expect Bitcoin to settle as a fraction of global energy use? What’s the acceptable fraction?
This article doesn’t explore these questions in a useful way