Buying a Tesla car in Bitcoins cancels 4 times the CO2 savings for its lifetime

Post by 67868018 » Wed, Feb 17, 2021, 4:13 PM UTC

zMiller wrote: post #50

Articles like this while well meaning and coming from a good place are extremely naive and myopic. Do a bit of research in terms of the costs in lives and “, yes c02, of the current status quo and petro dollar complex. Do some research on how many human productive hours where lost in debasement and irresponsible monetary policy (fun fact the GFC cost around 70,000$ per American) I can go on forever and should you be…

Post by [deleted] » Wed, Feb 17, 2021, 4:19 PM UTC

67868018 wrote: post #51

zMiller wrote: post #50

Articles like this while well meaning and coming from a good place are extremely naive and myopic. Do a bit of research in terms of the costs in lives and “, yes c02, of the current status quo and petro dollar complex. Do some research on how many human productive hours where lost in debasement and irresponsible monetary policy (fun fact the GFC cost around 70,000$ per American) I can go on forever and should you be…

These comments are worthless if you don't have the receipts to back them up. Be better than the rest of the internet.

Post by tanseydavid » Wed, Feb 17, 2021, 4:23 PM UTC

lukev wrote: post #22

hggh wrote: post #4

And what about the CO2 impact of using traditional banking (air conditioning, heating, commuting...)

Is there any evidence that Bitcoin is actually displacing traditional banking? Using BTC for your savings or checking account would be an absolutely terrible idea given its volatility. No rational person would ditch traditional banking in favor of Bitcoin. So really, this is just whataboutism to deflect from the fact that, environmentally speaking, Bitcoin is one of the worst inventions of the century.

Post by dnautics » Wed, Feb 17, 2021, 4:37 PM UTC

lxgr wrote: post #18

flyingfences wrote: post #17

Earlier quoted context omitted.

Bitcoin mining operations are generally located where electricity is cheapest. Electricity is cheapest where there is a surplus of hydro power (or other power with very low marginal cost). Where there is a surplus, use of that surplus does not drive other customers to other power sources.

By that logic, Bitcoin disincentivizes any investment in better grids and more efficient energy storage. Also, any such mining rig could have reasonably been a data center or scientific supercomputer instead.

Post by cma » Wed, Feb 17, 2021, 4:40 PM UTC

flyingfences wrote: post #17

lxgr wrote: post #12

Earlier quoted context omitted.

Renewables don't exist in a vacuum: "Green" miners buying up capacity drives up the price, driving others into non-renewables as a consequence (if only temporarily). Until we are at 100% renewables, supporting a more energy-consuming product/solution/process while alternatives readily exist should not be called "green", in my opinion.

Bitcoin mining operations are generally located where electricity is cheapest. Electricity is cheapest where there is a surplus of hydro power (or other power with very low marginal cost). Where there is a surplus, use of that surplus does not drive other customers to other power sources.