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Given the impending energy crisis in Europe this winter, expect the EU to follow suit. As much as advocates tout crypto as being extra-governmental, it would h
by jmyeet 4y ago
Given the impending energy crisis in Europe this winter, expect the EU to follow suit.
As much as advocates tout crypto as being extra-governmental, it would honestly take very little to effectively cripple crypto. For example, a ban on financial institutions that want access to the US financial system from dealing in crypto.
When energy becomes a sufficiently important political concern it’s going to be a huge problem for PoW crypto.
- andrewinardeer 4y agoWhy not mine on renewables? Throw a solar panel array up, maybe a wind turbine or hydro?
- MeltingAaah 4y agoGreat idea! Instead of Bitcoin just consuming energy and producing hardware garbage Asics and consuming chip capacity, let's also eat it solar panels which could just create normal energy for non Bitcoin use. Bitcoin is not becoming green just because you use renewable energy.
- 2muchcoffeeman 4y agoIf we are investing in renewables, that investment should first and foremost be used to reduce our reliance on fossil fuels. If we replace fossil fuels and there is spare energy left, fine. Until then is crypto really a reasonable priority?