3 ms·
> But I think the label Ponzi scheme is colloquially used for a broader concept Yes, incorrectly. It does nothing to clarify the topic and obscures the risks o
by ch4s3 4y ago
> But I think the label Ponzi scheme is colloquially used for a broader concept
Yes, incorrectly. It does nothing to clarify the topic and obscures the risks of actual Ponzi schemes.
> harms the climate
This seems dubious at best. It seems like a lot of mining is happening on hydro and solar power, and only shifts to carbon intensive electricity when the price is booming.
- amelius 4y ago> This seems dubious at best. It seems like a lot of mining is happening on hydro and solar power, and only shifts to carbon intensive electricity when the price is booming. You're still warming the planet. And total energy use is so large that even carbon intensive part is significant.
- landemva 4y agoWhat is the comparison of BTC energy use v. top-5 global militaries? And military engines delete emission controls.