Bitcoin (and proof of work mining in general) is a crime against humanity.
@aral Either if you generate it yourself, or if you buy it from an energy company (or better, buy it from your local energy cooperation)
Everytime BTC goes up, lol.
Get with the future, Aral.
Trade embargoes against environmental abusers are brewing. Australia is facing embargoes, forcing us to think differently about energy and to move away from fracking and #coal etc.
Also the existing monetary system is more abusive dangerous, growthy etc.
Every. Time. Aral.
I agree on the need for a carbon tax -- but that can't be the whole solution. Suchca tax can be trivial to pay forn those who are rich, and a huge burden for those who have little. But we need to reduce emissions where possible, so why should the rich be able to buy the right to produce more CO2 for fun?
Maybe a progressive tax? The more electricity you use the more expensive it becomes. That should limit the excesses -- at least for private households.
@aral True. Is there an overview of coins and their proof-methods (co2 footprint) somewhere? I want to invest in nature-friendly solutions. I think Cardano is such example.
@janci It’s not. They’re “in the process” of moving to proof-of-stake. It’s currently based on proof-of-work mining, just like Bitcoin.
Huh, Talking about the Energy usage Vast majority of Crypto uses renewable green energy Normally, Hydro as it is very cheap
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