News for hackers. Stuff that matters.

A comment on Diem – A rebrand of Facebook’s Libra. Parent comment

Re:Diem – A rebrand of Facebook’s Libra by camgunz on Sunday December 06, 2020 @12:11PM (#25324835)
> Again, short-term thinking. As a purely digital currency, cryptocurrency gets greener every year as the grid gets greener.

I'm happy to pause all cryptocurrency mining and transactions until humanity is carbon free. I doubt long BTCs will be though.

[ Parent | on HN ]
Re:Diem – A rebrand of Facebook’s Libra by fastball on Sunday December 06, 2020 @12:14PM (#25324857)
Ah yes, the luddite approach, an age-old classic.
[ Parent | on HN ]
Re:Diem – A rebrand of Facebook’s Libra by camgunz on Sunday December 06, 2020 @12:27PM (#25324958)
You can dismiss it as such, but can you really deny that:

- Cryptocurrency uses tons of electricity

- Climate change is real and super bad

I would (obviously) rather have a livable Earth than cryptocurrency, and I don't think that's weird.

[ Parent | on HN ]
Re:Diem – A rebrand of Facebook’s Libra by shuringai on Sunday December 06, 2020 @12:41PM (#25325082)
Las Vegas also has a shitton of electric waste, how about we start suddenly going green with that? How is it that people only care about green earth when the target is the smallest slice of the pie?
[ Parent | on HN ]
Re:Diem – A rebrand of Facebook’s Libra by camgunz on Sunday December 06, 2020 @12:59PM (#25325215)
Oh I care about that too, and I also care about the draining of aquifers in the US Southwest, etc. etc. But this is a cryptocurrency thread so, here we are.
[ Parent | on HN ]
Re:Diem – A rebrand of Facebook’s Libra by icebraining on Sunday December 06, 2020 @01:40PM (#25325500)
Bitcoin is not that small a slice nowadays, though. Estimates put it higher than Las Vegas.
[ Parent | on HN ]
Re:Diem – A rebrand of Facebook’s Libra by fastball on Sunday December 06, 2020 @12:35PM (#25325029)
- Yes, but a significant portion of that is coming from renewables / excess generation. Additionally, work is constantly being done to improve the energy efficiency of crypto.

- Climate change is real, but I think it would need to be much worse than it is in order to justify halting human progress. In fact, continued human progress is our best bet for halting climate change.

- False dichotomy.

[ Parent | on HN ]