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While there is a failure to provide clean energy, increasing demand makes it harder to supply energy to everyone. If the rich keep on pushing demand by using en
by labster 4y ago
While there is a failure to provide clean energy, increasing demand makes it harder to supply energy to everyone. If the rich keep on pushing demand by using energy on speculative financial products, we can’t make up the supply in time to prevent the worst of climate change. Bitcoin is basically class warfare, except because of climate and air pollution in general, it’s lethal class warfare.
I’m not saying to stop all innovation, but crypto is 5+ orders of magnitude more energy inefficient, and it’s killer apps so far have been asset speculation, untaxed remittances, and cyber crime. Governments have no interest in those innovations at all.