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 @arthur_affect and
Yeah, huge oil barons with tons of money in oil baroning have probably done some work to forestall renewable energy. And, to whatever extent they've been successful, it's because they're incredibly rich and powerful. Y'know, huge oil barons with tons of money in oil baroning.
2 replies 0 retweets 12 likes -
Replying to @eggynack @gladstein and
Bitcoin bullshit is fundamentally based on conspiracy-minded thinking endemic to the libertarian side of the Internet Like there's no actual *reasons* gasoline cars displaced electric cars, it's all a trick and a psyop the Saudis manipulated us into
3 replies 4 retweets 35 likes
As though the ascendancy of the OPEC countries caused the global demand for oil and not the exact opposite Like the Illuminati just decided "Hey that goopey black stuff in that formerly impoverished backwater part of the world? We're gonna make it valuable now"
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Replying to @arthur_affect @eggynack and
Because they don't really believe in market failure, every bad thing is caused by evil governments putting their thumbs on the scale and if they'd back off then everything would be perfect "Renewables getting cheaper" is just a law of nature and inevitable
1 reply 1 retweet 11 likes -
Replying to @arthur_affect @eggynack and
(The reason fossil fuels are popular is that it is an objective fucking fact that they are BY FAR the best energy source, if you don't care about the future They give you immense amounts of energy cheaply and quickly, in many ways they're the *perfect* energy source)
2 replies 3 retweets 20 likes - Show replies
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