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> Despite declaring yourself not one, this (and every other one of your points) comes up _every single time_ crypto proponents are trying to seed FUD in any rep
by digging 3y ago
> Despite declaring yourself not one, this (and every other one of your points) comes up _every single time_ crypto proponents are trying to seed FUD in any reporting about the energy usage of crypto
You have it backward, it comes up when reporting tries to seed FUD about crypto energy usage. Every point I made is that this article isn't actually saying anything obviously scary, it's just saying some facts in a scary voice.
> By your own argument - unless the traditional banking industry tops out at 100% of US power usage for 115 transactions per second - it is definitely not worse than bitcoin.
That's not my argument. They do different things. Despite its name, most cryptocurrency isn't really used as currency. As you say, it's slow and not very useful for that. I'm just making a comparison because most of the thoughtless FUD discussion assumes that USD is free (in energy terms).