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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I had to have a long, long think and I finally realize that he's claiming Bitcoin stops plastic consumption by making people not want to spend money, which is absolutely spectacular.
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Like every single time they're interviewing a person who randomly made a million dollars with Bitcoin on the news, what did that person do? THEY BOUGHT A NEW CAR AND A HOUSE. It's money. You spend it.
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The level of ignorance on display here really is herculean, genuinely impressive, do you people ever think anything that isn't drip fed you?
Thanks. Twitter will use this to make your timeline better. UndoUndo
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I am sincere here