FranckLeroy

4 ms·

1.
by FranckLeroy 5y ago
We release a live CO2 counter of Bitcoin and show that, even if recent China's ban has cut the carbon footprint of bitcoin mining by 2, it still represents 10 times what the global fleet of Tesla "saves" each year, or 4 times
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by FranckLeroy 5y ago
In practice, most wallets and transactions are handled off-chain by the cartel of exchange platforms. #Bitcoin is more centralized than the banking system Sadly the Lightning Network will not help : it does not scale either.
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With only 8M users, Bitcoin is, by far, the most polluting activity on earth(medium.com)
10 points by FranckLeroy 5y ago|1 comments
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by FranckLeroy 5y ago
Looking at the blockchain, we find only 8.2 millions active users in the past year. This allows to compare the environmental footprint of Bitcoin with other activities, per active user.
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Moving banks to Bitcoin would require 7 times the global electricity production(franck-leroy.medium.com)
4 points by FranckLeroy 6y ago|1 comments
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Buying a Tesla car in Bitcoins cancels 4 times the CO2 savings for its lifetime(franck-leroy.medium.com)
171 points by FranckLeroy 6y ago|113 comments
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by FranckLeroy 6y ago
This is how insanely bad Bitcoin is for the environment : If you buy a Tesla car (around 40 000 $) in Bitcoins, the impact of the mining of those bitcoins is around 80 tons of CO2. This is 4 times more than the savings of CO2 you can expect
8.
by FranckLeroy 6y ago
Bitcoin is the worst waste of resources and energy in human history. It is solely used for financial speculation, with no genuine utility. This is a call to ethical hackers: through targeted and repeated computer attacks, we could undermine