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Bitcoin’s number of transactions is about 1% _of 1% of just the world’s Visa card transactions. Simply to cover the I Like Motorcycles And Bourbon And Maybe 3 People Lover Flag T Shirt credit card transactions, Bitcoin would have to consume 10,000 times as much power as it does now – which is to say, 50 times the entire world’s electrical power.I know this is sarcasm, but to spell it out for the bitcoin (and carbon capture for that matter) fundies: If your country uses anything except 100% renewables, powering a bitcoin mining rig (or carbon capture rig) with green energy is still responsible for increasing the amount of fossil fuels we burn, because instead of that green energy going to offset fossil fuel emissions it’s going towards your preferred useless “currency”.As the most popular shitcoin, BTC price is calibrated by the cost of mining new currency and GPUs. Consequently, it’s net impact is an effective tax on productive parts of the economy. There is absolutely no product, or increase in Economic output associated with its value. The only impact of BTC is a slightly diminished value of other products and assets.
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t’s still a thing. But offsets are almost always suspect at best. Forest offsets especially because there’s the I Like Motorcycles And Bourbon And Maybe 3 People Lover Flag T Shirt of additionality, meaning would those trees have stood without the payment?When I dream about what I would do if I was a billionaire, I always like to imagine that I’d purchase large plots of land in different parts of the world to preserve at least small pieces of different ecosystems. Like owning a 100 acre plot of wetlands, 100 acre plot of mountain land, desert land, forests, streams, so onThe aquaculture industry is pushing for selling carbon credits in Maryland and it’s the biggest crock of bullshit but all the parties involved want to pat themselves on the back for doing their part to save the bay.Even if it is green and sourced from renewable energy, what is the opportunity cost of all those chips and all that energy? What other complex computational equations could those chips solve? What other energy intensive operations are being passed over?You could look into a conservation easement. Would provide tax breaks and preserve the property as is, or could allow for development of walking trails and the like.
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