DivineChaos100 [none/use name] to politics • 3 years agoWhy Cryptocurrency Is A Giant Fraud ❧ Current Affairsexternal-linkmessage-square8 fedilinkarrow-up132
arrow-up132external-linkWhy Cryptocurrency Is A Giant Fraud ❧ Current AffairsDivineChaos100 [none/use name] to politics • 3 years agomessage-square8 Commentsfedilink
minus-squareprotochud [comrade/them]hexbear4·edit-23 years agogot any links? i know that it's pretty wasteful, but crypto people always deflect by pointing to how wasteful the current financial system is link
minus-squareEsoteir [he/him]hexbear11·3 years agowww.forbes.com/sites/lawrencewintermeyer/2021/03/10/bitcoins-energy-consumption-is-a-highly-charged-debate--whos-right crypto is currently at 120 TWh and rising, global banking is currently at 140 TWh gold mining is currently at 132 TWh, but at least you can use gold to wipe your ass link
minus-squareCylonZebra [he/him,comrade/them]hexbear15·3 years ago at least you can use gold to wipe your ass There's legitimate uses for gold like electrical connectors and reflecting electromagnetic radiation. link
minus-squareCherufe [he/him]hexbear6·3 years agoAlso practically nobody uses crypto if you compared to global banking yet they have similar energy usage wtf link
got any links? i know that it's pretty wasteful, but crypto people always deflect by pointing to how wasteful the current financial system is
www.forbes.com/sites/lawrencewintermeyer/2021/03/10/bitcoins-energy-consumption-is-a-highly-charged-debate--whos-right
crypto is currently at 120 TWh and rising, global banking is currently at 140 TWh
gold mining is currently at 132 TWh, but at least you can use gold to wipe your ass
There's legitimate uses for gold like electrical connectors and reflecting electromagnetic radiation.
Also practically nobody uses crypto if you compared to global banking yet they have similar energy usage wtf