We could do this all day:https://financialpost.com/technology/quebecs-bitfarms-rallies-as-bitcoin-soars-but-concerns-grow-over-cryptominers-massive-electricity-needs …
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Replying to @gladstein @FranckLeroy_ and
Do you understand that reopening a coal power plant to mine Bitcoin actively directly worsens climate change but reopening a hydro or solar power plant to mine Bitcoin does fuck-all to fix it
3 replies 11 retweets 101 likes -
Replying to @arthur_affect @gladstein and
Renewable energy doesn't reverse climate change, at best it just *doesn't add* to it A 100% perfectly renewable Bitcoin mining grid has the exact same impact on humanity's carbon footprint as just not mining Bitcoin at all
3 replies 16 retweets 125 likes -
Replying to @arthur_affect @FranckLeroy_ and
Right except our current financial system is based ultimately on the petrodollar, which relies on alliances with brutal dictatorships like Saudi Arabia and aggressive defense of the fossil fuel industry. Bitcoin competes with this.
5 replies 0 retweets 0 likes -
Replying to @gladstein @FranckLeroy_ and
That's not what "petrodollar" means and that's not how it works The so-called "petrodollar system" depends on the global high demand for oil, it does not cause the high demand for oil
3 replies 3 retweets 60 likes -
Replying to @arthur_affect @FranckLeroy_ and
It's not "so-called" it is real, and it depends on petrostates pricing oil exports in dollars. To achieve this, the US has had for decades held an alliance with the dictators of Saudi Arabia and other Gulf tyrants.
4 replies 0 retweets 0 likes -
Replying to @gladstein @FranckLeroy_ and
And it is caused by the global market for fossil fuels, it does not cause the global market for fossil fuels
1 reply 1 retweet 45 likes -
Replying to @arthur_affect @FranckLeroy_ and
Actually, the beneficiaries of this relationship have stymied progress of nuclear power and renewables all over the world. Now we have a chance to shift to a world reserve currency that can run entirely on renewables instead of being linked to the oil industry.
4 replies 0 retweets 0 likes -
Replying to @gladstein @FranckLeroy_ and
I fucking hate how you people talk about speculative shit about "Who's really responsible for killing the electric car?" as though it is anywhere in the same ballpark as Bitcoin straight up DIRECTLY BURNING AND WASTING ENERGY to the tune of dozens of terawatt-hours per year
3 replies 8 retweets 75 likes -
Replying to @arthur_affect @gladstein and
It wouldn't matter if a shift in global energy markets pushed us to massively expand nuclear and renewable energy Because the Bitcoin miners would just use it all the fuck up and we still wouldn't be able to close any existing power plants
1 reply 9 retweets 53 likes
If the *total amount of energy we use every year* is going UP, and going up EXPONENTIALLY, going in the exact wrong direction, it DOES NOT MATTER if we "shift" or "move" the balance of energy production toward renewables We'll still be burning more coal anyway
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Replying to @arthur_affect @gladstein and
You can say whatever you want about how you power the Bitcoin grid If you magically made a proof-of-work cryptocurrency that could ONLY be powered by renewable energy it would still be a fucking environmental disaster
2 replies 9 retweets 56 likes -
Replying to @arthur_affect @gladstein and
Bluntly, the creation of ANY power plant -- windmills, solar panels, nuclear, whatever -- is an environmental disaster and it's only a matter of degrees We cannot get anywhere unless we slow down or stop the growth of demand And with Bitcoin that's mathematically impossible
3 replies 10 retweets 43 likes - Show replies
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