Quote from: nedbert9 on March 27, 2012, 06:04:53 PM

Quote from: arne on March 27, 2012, 06:01:40 PM

Bitcoin needs mining. Mining costs a whole lot of electricity. Electricity still mostly comes from fossil fuels.

Ergo, bitcoin isn't green.

Any thoughts about this?

Think with a broader perspective. How much electricity is required to operate the Fed, investment and commercial banking system?

That's not really an argument (or, to broad a perspective for me to see clearly).
I kind of like Economic Argument 1 from the link, but it still means electricity companies make the most off of mining. Right?