Post
Topic
Board Bitcoin Discussion
Re: ✨✨✨ Are we wasting resources to make digital currencies? ✨✨✨
by
ShortCoins
on 16/12/2017, 06:42:42 UTC
Many people won't realize the damage that is cost by wasted resources until it is far too late

We won't be able to stop ourselves from destroying every last resource in the name of greed.



"By November of 2020, it’d use more electricity than the entire world does today. That’s bad. It means Bitcoin emits the equivalent of 17.7 million tons of carbon dioxide every year, a big middle finger to Earth’s climate and anyone who enjoys things like coastlines, forests, and not dying of mosquito-borne diseases. Refracted through a different metaphor, the Bitcoin P2P network is essentially a distributed superintelligence utterly dedicated to generating bitcoins, so of course it wants to convert all the energy (and therefore matter) in the universe into bitcoin. That is literally its job."

(Source: Wired, December 15 2017)