Post
Topic
Board Bitcoin Discussion
Re: The ugly side of Bitcoin
by
Iamtutut
on 13/07/2019, 16:25:49 UTC
We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?
One of the ugly sides of Bitcoin we have to mention is It is used for illegal actions. Crimes like Bitcoin because it is anonymous.

That's bullshit, at most 6% of the transactions were estimated to be kind of related to illegal activities. Any FIAT currency is used for such purpose.