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> It doesn't destroy the planet. You're thinking of the fossil-fuel industry. But the fossil-fuel industry has had very real benefits (whether we like it our n
by louthy 5y ago
> It doesn't destroy the planet. You're thinking of the fossil-fuel industry.
But the fossil-fuel industry has had very real benefits (whether we like it our not!). It's surely debateable whether fuelling crime, scams, and what is tantamount to a massive casino is of any benefit to humanity. Especially when running it consumes more energy than Argentina [1]
Of course there are plenty of other aspects of human existence that requires energy, and therefore has an impact on our home. That doesn't give individuals who are engaged in this casino an 'out'. It is an entirely greed driven exercise right now.
Perhaps something will come along that makes blockchain and other crypto concepts viable and valuable to society, it ain't here yet though. So I don't see how anybody can justify an Argentina's worth off energy usage.
[1] https://www.bbc.co.uk/news/technology-56012952 https://www.bbc.co.uk/news/technology-56012952
- ashwagary 5y ago>Perhaps something will come along that makes blockchain and other crypto concepts viable and valuable to society, it ain't here yet though. So I don't see how anybody can justify an Argentina's worth off energy usage. Central banking finally has a freer market and you can choose (or create) an asset with your preferred monetary policy... Avoiding or atleast limiting exposure to global currency debasement is now a possibility when you choose the right product/chain/coin. That's a problem that costs workers around the world 100s of trillions of dollars and it's being solved.