Quote from: stompix on Today at 02:05:04 PM

Quote from: tinopener on Today at 01:10:02 AM

However, I have already started dumping bitcoin because of climate fears.

So you don't own anything that requires energy?
Cause facebook needs data centers, Amazon uses trucks for deliveries, and fully charging 1 million Tesla cars a day covers the energy consumption of the network at current stake. Yes bitcoin mining is energy-intensive but at the same time it is capped, I am one of the critics of energy waste but at the current stage, it's nothing to get worried about.

Besides, for it to reach that level the reward for the miners would have to be close to 100 times, one BTC reaching 6 million before the halving is highly unlikely.

Quote from: tinopener on Today at 01:10:02 AM

This is the article I read about it:
"If Bitcoin were to be adopted as a global reserve currency," he speculates, "the Bitcoin price will probably be in the millions, and those miners will have more money than the entire [US] Federal budget to spend on electricity."

Nowadays anyone can say anything
Remember Al Gore? According to him, the only ice left in the world by now should be in our refrigerators..

Yes, of course I understand that the rest of the world uses energy. Again, let me reiterate that I not a crypto evangelist; I am only in it for speculation and to make money. So I don't feel the need to justify it in comparison to other things.

Regardless of whether the electricity concerns are true, I speculate that there will soon be a huge wider negative reaction to cryptocurrency because of climate fears. This has taken a backseat during the pandemic. I think this is neither a good or bad thing. I just think it is going to happen.

If Bitcoin does crash because of environmental concerns, then I will buy some more at a lower price.

However, I think that that the crypto community is intelligent and dedicated enough to solve this problem eventually, so I will always remain invested.