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Geopolitical energy cost arbitrage is a major climate change issue, but I feel like it's disingenuous to focus on crypto as the main problem. The majority of t
by cwkoss 5y ago
Geopolitical energy cost arbitrage is a major climate change issue, but I feel like it's disingenuous to focus on crypto as the main problem.
The majority of these harms are in heavy industry, manufacturing, logistics, etc. I'd estimate only 1% of this problem can be attributed to cryptocurrency.
If crypto was somehow globally banned, the problem would not be significantly diminished. If bitcoin eventually becomes responsible for 10%+ of dirty energy, only then would this argument be compelling to me.