Bitcoin
Out of context: Reply #1993
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- shapesalad-3
In reply to all this talk about Bitcoin using too much electricity...
What If you tap natural resources in Iceland to get that power? (they already do) and then replace fiat currencies (that can't rely 100% on eco energy) with crypto? Surely a 100% replacement = better for environment.
Think about all the energy that goes into producing coins: mining, smelting, minting. And paper notes, trees, plastics, inks. Then think about all the energy used to store and transport all those coins, the diesel powered heavy armoured money transport vans etc, that goes into moving all that cash around daily.
Think about all the millions of car journeys taken each day with people inside the cars with wallets holding a weight of coins. Could be as small as 10g. But 10g x millions of people in cars x millions of car journeys each = the amount of additional petrol/diesel burned to move that tiny extra weight = all adds up.
If the person using bitcoins, charged their phone at home, and their home is powered by nuclear energy, and they participated in economic transactions using bitcoins that were minted up in Iceland on some natural power source.... surely that is better than the person carrying around a pocket full of dead trees and smelted minerals.
- and don't forget, bitcoin isn't going to be the digital currency, it's going to be the digital gold. Other fast, less energy using cryptos will be currencies.shapesalad
- I like where this is headed.palimpsest
- I hooked up my GPu to the toilet. Every flush minesGnash
- I haven't used cash since 2010 or so. Nordic countries are done with banknotes, UK, Australia, China are pretty much cashless too.drgs
- Nordics = feeless debit card payments (merchant pays the fees).
USA = credit card payments where you pay the fees, but thats their problem.drgs - Google Pay/Apple Pay already getting a foothold, way ahead of crypto
https://i.imgur.com/…drgs - People refuse to listen to science.
If cars pollute buy an electric car. If capitalism has failed you invest in crypto.palimpsest - If Earth is being a bitch let's go to Mars.
Stop focusing on the problems and focus on the solutions.palimpsest - "bitcoin is bad because fossil fuels" is only a good argument against fossil fuels. it is however still relatively a lot of carbon for a cryptocurrency andkingsteven
- its mostly farmed in countries with cheap dirty electricity.kingsteven
- lol dude nobody is minting real money, I believe there's less than 1% real currency in circulation, this argument is dumb afgrafician
- here you go https://www.uscurren…grafician
- there's over $200T in the global economy? so $1.7T in cash is not even 1%grafician
- plus the point is to use all that energy FOR SOMETHING USEFUL! Using bitcoin is useless, it has 0 intrinsic value, but 100% speculative valuegrafician
- all your rhetoric is the typical crypto bro bullshit, with no real knowledge of how things really work, stop wasting your time writing itgrafician
- all your rhetoric is the typical MSM bullshit, with no real knowledge of how things really work, stop wasting your time writing itESKEMA
- @ESKE Have you something to add or just your usual trolling?grafician
- I've added an interesting discussion belowESKEMA
- but you seem very authoritarian over what should and shouldn't an individual choose to do with their own time.ESKEMA
- "If we can get this many people with disposable income on board with Bitcoin, maybe we can get every person on Earth to abandon the current monetary standard."toemaas