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Environmental Impact My Ass

I can’t believe that is the cross these media goons are going to die on fighting crypto.

Look at this gold mine and tell me all the years of gas-fucking-powered excavation and then mining usually on the backs of exploited labor is any better or more justified.

https://images.app.goo.gl/s5q2kLMzhJFSpeva7

My final point is we are on the cusp of “unlimited powerrrrr” if we can pivot to mass adoption of renewables and nuclear (depending on your personal concerns of the latter of course).



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10 Comments

  1. It’s not better, but that doesn’t make bitcoin green. Also sorry to tell you, but “unlimited powerrr” is still a pipe dream. Renewables have their own problems.

  2. We should try to be better… if we had a justified reason to why the bitcoin network needs so much energy most people wouldn’t complain. Currently, miners will continue to add hashrate as long as it makes economical sense to do so. The bitcoin network remains just as secure as it was when it was back in the 2018 bear market. Adding more protection to something already unbreakable seems honestly like a waste

  3. The fact that gold mining practices are bad doesn’t somehow justify other mining practices also being bad, though (the ‘two wrongs’ fallacy)**. More importantly, there’s the matter of whether there are viable alternatives. The gold is in the ground; labour practices aside, there aren’t really any easy ways to get it out in large volumes. In contrast, it’s entirely within the scope of Bitcoin (or any other crypto) to modify the way in which it’s mined–e.g., see Ethereum. Now, I fully understand that there are other issues with this, and that there are cogent arguments around Bitcoin’s expensiveness–it’s inefficiency–being important to its security. But to that I’d simply say that, one, technologies evolve, so even if PoW is preferred for Bitcoin today, it doesn’t mean something better might not be invented tomorrow; and two, cost/benefit equations evolve, so the notion of what tradeoff of security vs. efficiency makes sense today may not be the same as it is tomorrow.

    To the point of “unlimited powerrrr”, again, these options are not without their own consequences. Renewables have major environmental costs in their manufacture and deployment (e.g., impacts on wildlife), while nuclear, as you allude to, has its own issues. The only truly sustainable approach to energy is to use less of it.

    Finally, setting aside technical issues, every business, industry, and technology ultimately relies on a ‘social license to operate’–that is, both the authorities and the populace as a whole need to accept it. That social license can, of course, be built on distortions of reality (that’s what marketing and lobbying are for), but generally speaking you can only pull the wool over people’s eyes for so long before they figure things out. If the narrative that Bitcoin is wasteful, and more importantly that it’s *unnecessarily* wasteful, takes hold–rightly or wrongly–then Bitcoin might need to evolve to maintain its social license. But, again, it’s entirely within its design to do exactly that.

    **On that point, the gold industry is regularly attacked for its badness, at least by the minority who care. But human history is entwined with that of gold, and human nature seems to be to have a blind spot for things that are familiar and accepted (e.g., consider that cannabis is a ‘drug’ while alcohol, objectively a much more harmful and addictive substance, is just alcohol). Furthermore, the environmental and social consequences of the gold industry are disproportionately borne by parts of the world (i.e., developing nations) that are routinely ignored by global thought-leaders (i.e., developed nations and their consumers). Again, human nature seems to be to care less when it’s not happening in your own back yard. Doesn’t justify it, but it helps to explain why Bitcoin, as the highly visible new kid on the block (no pun intended) and the plaything of ‘entitled billionaires and anti-establishment degenerates’, is a target.

  4. The problem is that it’s cumulative. Just because other industries have used and continued to use large quantities of energy doesn’t justify adding to it. And things like this article about miners protesting the move to cheaper, more efficient EIP-1559 tell me that the same tendencies towards gluttony and profit that exist in the fiat finance world are strong in the world of crypto. It’s a shame.
    [Ethereum miners plot hash-power ‘show of force’ against EIP-1559](https://cointelegraph.com/news/ethereum-miners-plot-hash-power-show-of-force-against-eip-1559)

  5. I think of this exact argument every time! I’m an environmentalist and am concerned about the energy usage and impacts of huge servers/rigs and all the crypto processes – but you’re right that most other wealth-creating extractive industries also have an monumental environmental impact! However, just because a competitor/the past is ‘as bad or worse’ than the present iteration, this doesn’t mean we shouldn’t still strive for improvement and excellence. Crypto should aim for the top, instead of being ‘not as bad or slightly better’ than the old ways

  6. I’m more concerned about those media goons using private jets to hop around the world when they feep like it.

    They say one thing but fuck the world up in whatever convenient way it is for them.

  7. I think it has something to do with people not understanding why. Why all that energy for “internet currency” and also its much easier to calculate Bitcoins impact than golds for example

  8. If only governments supported crypto. As it is it’s up to individuals to do the mining and they have nowhere near enough support to go green. I would instantly go green as a miner if I had access to solar panels or turbines etc

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