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Oh yeah, and Bitcoin mining alone is 2% of all electricity consumption in the US. Nonsense. Absolute insanity. The definition of wasted resources. Those are all
by ttfkam 3y ago
Oh yeah, and Bitcoin mining alone is 2% of all electricity consumption in the US. Nonsense. Absolute insanity. The definition of wasted resources. Those are all EV vehicle charging numbers.
https://arstechnica.com/science/2024/02/over-2-percent-of-the-uss-electricity-generation-now-goes-to-bitcoin/ https://arstechnica.com/science/2024/02/over-2-percent-of-th...
- roenxi 3y agoIf people would rather burn 2% of the electricity in the US rather than deal with financial regulations, that does say something about the financial regulations. Although at this stage it is a bit unclear exactly what.
- ttfkam 3y agoBitcoin and other crypto get big enough, regulation will follow shortly after. That said, the first to flee regulation in the financial sector are much more heavily weighted toward the grifters and fraudsters. See: Mt. Gox People flocked to Bitcoin because they saw people get rich. That's it. Real estate is very heavily regulated by comparison and yet folks were buying, selling, and flipping like crazy. People want money. Regulations are an excuse, not the primary motivator.