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I've seen arguments on HN that the whole energy consumed for crypto (speculation by a few thousand persons) is equivalent to the consumption of classic payment
by hadrien01 5y ago
I've seen arguments on HN that the whole energy consumed for crypto (speculation by a few thousand persons) is equivalent to the consumption of classic payment infrastructure (used for billions of transactions every day). And that's by including bank buildings, airplane travels by anyone related to fiat transactions, etc.
- krzyk 5y agoIsn't it? Did someone sum up all the environmental impact of all the dollar infrastructure? Including airplane fuel used by executives traveling all over the place?
- politician 5y agoDid they include the costs of all of the corruption and downstream impacts, like when Wells Fargo opened all of those savings accounts fraudulently? The damage caused to various populations by sanctions from foreign governments?
- MomoXenosaga 5y agohttps://www.dnb.nl/actueel/algemeen-nieuws/dnbulletin-2022/beter-zicht-op-klimaatimpact-bitcoin/ https://www.dnb.nl/actueel/algemeen-nieuws/dnbulletin-2022/b... It is in Dutch but there is a link to English PDF. DNB is the Dutch equivalent of the Fed.