You obviously have no fcking idea about crypto whatsoever, yet everybody speaks about it because they read Blessed By God Spoiled Name 1 And Name 2 By My Husband Protected By Both Family Custom Shirt damn headline. Yes, bitcoin can not be used as a currency. No shit. But don’t fucking generalise everything. Nano and cardano for example do not have energy problems.The energy use of Bitcoin is the most egregious strawman arguments I have ever come across.In no other domain do we assert that the energy required to produce any product or service is wasted. Whether you like it or not, energy can be bought at current market prices and used as one wishes to use it. Everyone using Bitcoin is paying for the energy. If it’s worth it to them, who the fuck is anyone to question this?Let’s calculate the energy consumed for reposting cat-memes or tiktoks. If the standard were that energy may only be consumed for “useful” products and services even 1 unit of increased carbon would be too much to justify those.a idk about that. As much as those industries are fun to hate, why would they point fingers at something that increases their revenue? Also, Elon is the one that made this the hot topic and he’s pretty against fossil fuels.Proof of work is an insanely inefficient way to settle a transaction. My bet is that proof of stake will takeover in crypto and we’ll get the same results with 1% energy usage.
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What you say is true only if you ignore climate change and the impact. And just because you can buy energy at Blessed By God Spoiled Name 1 And Name 2 By My Husband Protected By Both Family Custom Shirt prices does not mean you should… In some undeveloped countries you can still buy women, children , slaves at market prices, but does that mean you should?We have a fairly well working monetary system as in people get paid, send money, pay in stores etc.. I am not saying there are no flaws but overall its working and used by billions of people. Compare that to a new monetary system that has no tangible advantage for billions of people but it uses as much energy as a single household in germany during the whole year. For example my energy consumption for 2020 was 1360kwh.I would not argue against you if bitcoins energy consumption would be 1% or even 15% higher than our current system, but as others have mentioned bitcoin has about 10mil active users and they use more energy just for transaction than a whole country such as the netherlands does for transactions, train network, all houses, all traffic infrastructure , the internet and more.And for your example with tiktok, currently the global it infrastructure is 250twh. So the whole Internet and IT infrastructure that supplies 8 billion people with memes and everything else only uses double the amount of than bitcoin…… That means that in 1 year or 2 year depending how fast the difficulty of bitcoin increases they could end up using the same amount of energy.
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