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"The Fake Attack on Environmentalist Criticisms" is more like it. >>"Cryptocurrencies like bitcoin are terrible for the environment," declares Sen. Elizabeth W
by toss1 5y ago
"The Fake Attack on Environmentalist Criticisms" is more like it.
>>"Cryptocurrencies like bitcoin are terrible for the environment," declares Sen. Elizabeth Warren (D–Mass.). "It's an extremely inefficient way of conducting transactions," pronounces former Federal Reserve Chair and current Treasury Secretary Janet Yellen. "It's a way to both hide dirty money and destroy the environment at the same time," says Daily Show host Trevor Noah.
>>Such environmentalist attacks on bitcoin are best understood as a strategy by economic, media, and political elites to undermine a powerful new form of money that they can't control.
No, they are legitimate criticisms of a protocol that uses orders of magnitude more energy to accomplish the same task as other systems, and for which squandering energy is THE POINT OF THE PROTCOL - it is not called "Proof Of Work" for nothing - someone has to do the work.
It is a legit criticism that stands on it's own — no need to impute some fabricated ulterior motive as the article does. Occam's Razor says cut it out.
It does go on to criticize some of the more outlandish extrapolations of BTC power usage, but does so in quite hyperbolic fashion.
Strikes me as a fanboy article not even close to worthy of a publication named "Reason". Save your time
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