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Re:Bitcoin ‘Ought to Be Outlawed,’ Nobel Prize Winner Stigli... by pcarolan on Wednesday November 29, 2017 @10:05PM (#15813133)
I'd agree with this if it didn't dump carbon into the atmosphere at a staggering rate. Investors should buy carbon offsets with their newfound wealth so they're not externalizing that cost. [toned down]
Re:Bitcoin ‘Ought to Be Outlawed,’ Nobel Prize Winner Stigli... by googletazer on Thursday November 30, 2017 @11:24AM (#15816973)
The fact that you and your family exist is already pushing tons of carbon into my atmosphere. What do you propose?
Re:Bitcoin ‘Ought to Be Outlawed,’ Nobel Prize Winner Stigli... by jimbob21 on Wednesday November 29, 2017 @10:22PM (#15813206)
I hope you don't drive a car. If you do, you're dumping carbon into my atmosphere! You should buy an electric car and only run it on solar electricity so you're not pushing that carbon on the rest of us.
Re:Bitcoin ‘Ought to Be Outlawed,’ Nobel Prize Winner Stigli... by pcarolan on Thursday November 30, 2017 @07:09AM (#15815107)
If we respond this way[1] to every argument, no issue will ever get resolved. I don't disagree with you regarding electric vehicles, but it doesn't address the issue that bitcoin is an environmental catastrophe in the making[2].

[1] https://en.wikipedia.org/wiki/Whataboutism [2] http://www.newsbtc.com/2017/11/29/bitcoin-mining-causes-incr...

Re:Bitcoin ‘Ought to Be Outlawed,’ Nobel Prize Winner Stigli... by jimmies on Thursday November 30, 2017 @09:53AM (#15816110)
Bitcoin mining is inefficient compared to what? You have to see that mining bitcoin is getting more efficient by day, while hiring a bank clerk can only reach a certain level of efficiency.

In that sense bitcoin might be a better choice vs. hiring bank clerks.

Re:Bitcoin ‘Ought to Be Outlawed,’ Nobel Prize Winner Stigli... by colordrops on Thursday November 30, 2017 @12:25AM (#15813672)
I don't understand why you've gotten downvoted. Your analogy is fair in my opinion. I made the same analogy to video games and porn, both which use inordinate amounts of electricity.