The 2025 global carbon footprint of bitcoin is estimated by Digiconomist at 98.10 Mt CO2, comparable to that of Qatar.
It’s electrical energy use at 175.87 TWh is comparable to a country like Poland.
At 48.36 kt, bitcoin will produce as much e-waste as the Netherlands.
At 2,772 GL it will consume as much water as Switzerland.
Bitcoin is evil, true evil.
Blockchain is a slow, cumbersome, badly designed database that is incredibly energy and material intense to run.
1 single bitcoin transaction:
712.41 kgCO2: carbon footprint of 1,578,956 VISA transactions,
1277.28 kWh of electricity: power consumption of an average U.S. household over 43.78 days
351.20 grams of e-waste: equivalent to the weight of 2.14 iPhones 12
20,130 liters of water: amount of water in a backyard swimming pool
@gerrymcgovern Serious question, is it even remotely possible to make crypto currency sustainable?
In a couple of years quantum computers will solve the crypto currency issue by instantly breaking it. Meanwhile all that computing power is wasting huge amounts of resources.
@alterelefant @gerrymcgovern Crypto can't really be a usable currency because its value proposition is based on speculation and hoarding. Actual currency is not hoarded because it doesn't have inherent value either. It is used to purchase things that can have value, like goods, real estate, securities, etc. and is rarely hoarded as cash. But crypto is hoarded because it is believe to be an appreciating asset in itself, which is why it's just an object of speculation.
Banks vs Crypto (both ARE similar ! Neither great !)...
@profdc9 @alterelefant @gerrymcgovern
Hi, Daniel - are you saying currency itself is not speculated or hoarded ! ❓
And do you think governments / banks are not themselves making decisions - that somehow the creation of money doesn't have "inherent value" (such as being debt-based) or released into circulation *based* on bonds, stock-markets, assets, buy / selling, paying fees for (reducing it's actual worth) ETC!❓
