Senator Warren, I love you but you’re 100% wrong about this. Save the bans for dirty fuels; Bitcoin mining is mostly from clean/renewable sources.
Bitcoin requires so much computing activity that it eats up more energy than entire countries. One of the easiest and least disruptive things we can do to fight the #ClimateCrisis is to crack down on environmentally wasteful cryptocurrencies.pic.twitter.com/derGr1bjuq
Senator Warren’s CBDC Questions on the Environmental Impacts of Crypto
Senator Elizabeth Warren’s June 9, 2021 Senate Banking Subcommittee hearing: “Building A Stronger Financial System: Opportunities of a Central Bank Digital Currency.”
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Even IF that were true, which it clearly is not as mining is done all around the world from all power grids, it still is a giant waste of energy that could be used for things that are ACTUALLY productive. All so you can play ponzi.
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It would also complicate holding hospitals hostage with ransomware! Thank you for leading on this!
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Banking sistem,Gold & diamond industry is much more destructive than BTC. Crypto is solution to end the corruption & destruction...pic.twitter.com/NDYSo2h63R
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That settles it - I’m gonna invest in Bitcoin.
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Let’s go!! It’s in a dip because of this nonsense. Great time to buy!!!
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Senator please educate yourself and your staff on this issue before you make general sweeping statements.pic.twitter.com/cqvK1gLdiU
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Sure, maybe that true. But there's one little problem here. The USD and the banking system runs the World's economy. Bitcoin just trades digital tokens amongst its users. Bitcoin uses less energy, but it's all just wasted energy.
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Your position on Bitcoin is extremely uniformed. Bitcoin does not use any energy for transactions. The energy is used to secure the network. Just like the US military is used to secure the network of the US dollar. Which consequently uses far more energy then bitcoin.
Kiitos. Käytämme tätä aikajanasi parantamiseen. KumoaKumoa
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Why waste energy on pyramid scheme when you could use geothermal to make real world things like Iceland does? Also the GDP of El Salvador is 26B. So normal fundraising with normal bonds in normal currency is the obvious approach.
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