We often mention the insane energy consumption of #bitcoin
, but not enough its insane electronic waste. Bitcoin eats 12 000 tons of custom hardware (useless for anything else) / year. This has a significant role in the current worldwide shortage on electronic components (wafers).https://twitter.com/davidgerard/status/1374302539919847425 …
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Lol I can't believe you don't see the perversity here that if everything works out as you want it to the planet will NOT be saved because society's total energy output will still have to go up to feed the demand for Bitcoin mining
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It's literally the worst of both worlds - climate change and fossil fuel consumption continuing to accelerate but I don't even get to use any of that power to watch TV It's like some ironic planet from Star Trek
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Little you know I actually work the field on my land. I can enjoy both worlds you know. One does not exclude the other.
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It does when Bitcoin drives the price of electricity and electronics into the stratosphere
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Wait what on earth is the a to b wherein Bitcoin means food won’t come in styrofoam containers or whatever?
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If Bitcoin were the only currency people used then as a deflationary currency it would inevitably lead to a persistent cycle of recessions and economic crashes as the money supply runs out for new investment
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I'm still trying to figure out how becoming a Bitcoin Bro will stop me from buying plastic packaging.
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Imagine the money you have is worth more tomorrow. Do you buy that shakeweight you actually don't need today or do you wait until tomorrow? Tomorrow same question.
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Cool! Schrödinger argument right? But aside of that. So Bitcoin consumes energy, bad. Better to live clean, agreed. So how many crops did you planted, sowed in the past year?
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Nah consuming energy for stuff that's actually useful and fun is good Fewer mining rigs, more PS5s
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I am sincere here