Bitcoin is pure, pure evil
Bitcoin’s energy use per dollar generated now exceeds that of mining copper or gold
Bitcoin mining significantly increases PM2.5 pollution, the tiny airborne particles linked to respiratory and heart disease.
Each bitcoin mining rig has a short shelf life of about 1.3 years. Once outdated, they’re dumped
Bitcoin mining needs massive water cooling systems
@gerrymcgovern Thanks for sharing this article! What I like to know is how bad is Bitcoin mining for the environment compared to fiat money.
Some of the aspects mentioned in the article are probably valid for fiat money as well e.g. when a country uses only fossil energy that in doesn't matter if you use computers for the fiat system or for Bitcoin mining. Same for water usage.
But it is crazy that the hardware can only be used for little more than a year. I hope the hardware in the fiat system is used longer but I'm not sure.
Bitcoin is vastly more damaging and polluting that ordinary money:
The number of VISA transactions that could be powered by the energy consumed for a single Bitcoin transaction: 742,132
The number of VISA transactions with a carbon footprint equal to the footprint of a single Bitcoin transaction: 1,363,557
Have you compared this to the US dollar?
The US dollar requires the entire US military and US government to back it up.
The US military is the worst thing we can do to the environment.
this is a really stupid comment
obviously the govt and the military have other benefits than propping up the dollar, even if you hate those benefits
while bitcoin guzzles massive amount of energy to move a few transactions so some cult of gamblers can make "number go up"
you can't possibly be serious with this comment
Banks and BitCoins - We end up serving these bad things like banks or bitcoin when we are not working on trust or incrementing other social interactions of value / forms of exchange / transferring other value instead of using those doing materially do badly for us...
@benroyce @KarlinEcuador @gerrymcgovern I agree Ben.
I think it also comes from us not having found ways to #respect each other enough and seemingly still needing #abstract #numbers (banks or bitcoin) to think we're exchanging well...
Using #cruel / materially-tied / burning ways to keep burning people and more material to make our exchange #valid is a bit of a sick design and sick / destructive #proofofwork thing by how much our currency has eaten - #primitive let's say - but it serves us to have visible #digits when we think we are worth 10 or 100 but when the face value of a bank or bitcoin does not match the real value even the next week or the next year. In fact the opposite by design (devalues is taking away continually to keep us working instead of potential giving more in another sense / not devaluing both of us EACH TIME we had 'currency' to each other).
Naturally or as more man-made creations, everything needs #consumption to be #transformed into something else more #visible / #static...
The point is we don't really value non-material or #mind things (at all or as much)... #friendship or even creating them from such a large pool, all with their own resources we could use (potentially).
So the whole thing as my main point is that more personally we seem to need these 'numbers' or #false #accounting techniques instead to represent things falsely (accept being tricked for those who know about Banks) and not looking for other ways...
Both #banks or #bitcoin doing the bad things for us, much rather than in parallel finding how to #respect #people or #planet more even along side these existing things that we can't change... even as a side #project.
If we're not doing that - it's kind of messed up. Is it not?
We have to learn sometime "how bad" these things are now but in short they made from crude #war from their root (#money / #energy / computational resource consumption) we should have seen 100 times already... so as a root of all #evil they are all self-validating methods (money to justify paying #tax (money existing as the whole reason to pay tax) or bitcoin as a long-winded energy burn in order to avoid bad people doing over-night banks or monitoring our own private life and #privacy .
'Giving' something to others is not easy. There is more to it but not working on it is one main point we could start on now (I am as #FreeSchool).
Without that change, we are continuing the use by not trying for another way of exchange or value, and we seem to end up to serving the bad because we don't have an answer and not looking to creating something better than bitcoin / banks.
Not even conversation past hating these things (less Trump etc) and building more each other in some other sense.... would be nice.
Let's all talk more about the next generation$... #FreeSchool
Picture1: Bitcoin #genesis #block by #SatoshiNakamoto - Times newspaper headline about bank #bailouts in code.
