1. We crossed the line on climate change. We need to stop wasting co2 for everything not critical to us and need to start investing and incentivcing green things.
2. I heard this argument often enough and blindly repeated: bitcoin will always optimize for the cheapest energy. Right now it co sums coal energy and it takes away green energy.
There is also no incentive for any Bitcoin miner to invest in green energy. Why would they? If they would it would mean laws make it that they have to because green energy would be the cheapest one. And then they would still consume all of this green energy because that's what bitcoin consumes: Energy.
The only thing left is heat. Heating with energy is the worst way of heating. Heating through thermal energy is more efficient.
Bitcoins value is decoupled from the energy sector. The incentive of burning co2 for money is much higher than what the energy market is optimized for.
Our energy market is often subsidies because people NEED energy.
Guess who wins in rural china? Bitcoin mining or a light bulb for a kid to learn in the evening? Come guess
Your argument doesn't make the other argument more ore less valid.
You should always consider how much energy something consumed and how relevant it is for our society.
Bitcoin has no future and is not replacing or solving a real problem. Right now it only increaes droughts and crazy weather.
Mining gold is totally different than bitcoin. Not sure why you would even argue in this direction.
Gold can be recycled which reduces the co2 footprint / makes it more and more useful. Gold also creates emotions and supports our society structure as a symbol on rings.
It's critical for scientific discoveries and for computers.
And still we need to make sure we mine gold as co2 efficient as possible with as little impact to nature than possible. Equal to bitcoin just that bitcoin doesn't do any of what gold does.
My ring is a token to my love to mi wife and will be recycled in 80 years. Bitcoin is producing co2 when mined and whenever transfered and the base system needs to run 24/7 even if none is doing anything on the network.
1. We crossed the line on climate change. We need to stop wasting co2 for everything not critical to us and need to start investing and incentivcing green things.
2. I heard this argument often enough and blindly repeated: bitcoin will always optimize for the cheapest energy. Right now it co sums coal energy and it takes away green energy.
There is also no incentive for any Bitcoin miner to invest in green energy. Why would they? If they would it would mean laws make it that they have to because green energy would be the cheapest one. And then they would still consume all of this green energy because that's what bitcoin consumes: Energy.
The only thing left is heat. Heating with energy is the worst way of heating. Heating through thermal energy is more efficient.
Bitcoins value is decoupled from the energy sector. The incentive of burning co2 for money is much higher than what the energy market is optimized for.
Our energy market is often subsidies because people NEED energy.
Guess who wins in rural china? Bitcoin mining or a light bulb for a kid to learn in the evening? Come guess