Bitcoin alone uses more electricity than the entire country of Norway.
It’s a REALLY REALLY wasteful way to do transactions and is terrible for the environment.
Other than that, it’s fueled the black market and illegal business, it doesn’t really have any real world benefits you can’t get from regular banking for the vast majority of people.
One bitcoin transaction is estimated to use between 50 and 700kwh of electricity.
Your average dutch household uses ~2000kwh, so ~10 transactions burn more electricity than a whole household.
And to add to how bad that is, Norway is a small country, but we use really, really much energy per capita, since our energy has always been so cheap due to hydro power and politicians in 1905 going all in on that the benefits of our nature should benefit us all. Only in the last few years, prices have aligned more with the rest of the continent, though that price hike is supported for the many by the government, since the continental standard is so foreignly high for us.
I get that it’s very nice during a revolution or something like that, but there are also massive downsides and to me it looks like it mostly benefits criminals and people taking advantage of others.
Trump has made a fortune on his shit-coin, it’s a great way for people to get around regulations and hide things they usually wouldn’t get away with.
I’m open to have my opinion changed, it’s just what it looks like to me
Bitcoin alone uses more electricity than the entire country of Norway.
It’s a REALLY REALLY wasteful way to do transactions and is terrible for the environment.
Other than that, it’s fueled the black market and illegal business, it doesn’t really have any real world benefits you can’t get from regular banking for the vast majority of people.
One bitcoin transaction is estimated to use between 50 and 700kwh of electricity. Your average dutch household uses ~2000kwh, so ~10 transactions burn more electricity than a whole household.
And to add to how bad that is, Norway is a small country, but we use really, really much energy per capita, since our energy has always been so cheap due to hydro power and politicians in 1905 going all in on that the benefits of our nature should benefit us all. Only in the last few years, prices have aligned more with the rest of the continent, though that price hike is supported for the many by the government, since the continental standard is so foreignly high for us.
Bitcoin is basically a prototype, though. (Some) other cryptos are far more efficient.
The illegal transactions complaint is legit, but there’s cases where that’s not a bad thing.
I get that it’s very nice during a revolution or something like that, but there are also massive downsides and to me it looks like it mostly benefits criminals and people taking advantage of others.
Trump has made a fortune on his shit-coin, it’s a great way for people to get around regulations and hide things they usually wouldn’t get away with.
I’m open to have my opinion changed, it’s just what it looks like to me