3 ms·
Anyone making the "crypto is killing the environment" argument is basically just regurgitating a trope they read in the corporate media. Pretty obvious red flag
by artursapek 5y ago
Anyone making the "crypto is killing the environment" argument is basically just regurgitating a trope they read in the corporate media. Pretty obvious red flag.
- AlexandrB 5y agoGreat. What's the counterargument? Just because it's a trope doesn't mean it's not true. PoW is insanely inefficient compared to traditional database technology, doesn't actually replace "the banking system" (so both have to run at the same time), and in practice only provides theoretical decentralization since most people invest in crypto through intermediaries.
- artursapek 5y agoweb3/Metamask apps like NFT marketplaces are generally used with a wallet (software or hardware+software) which the end user is custodian of; not a third party. Much of the crypto space is moving towards Proof of Stake, including Ethereum. These critics also fail to ever mention that.