Bitcoin emissions alone could push global warming above 2°C: study from 2018

Re:Bitcoin emissions alone could push global warming above 2... by xwdv on Sunday January 17, 2021 @04:53PM (#25815422)

> Even the cryptocommunity is starting to accept that Bitcoin has effectively failed as a payment network.

Where are you seeing evidence of this?

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Re:Bitcoin emissions alone could push global warming above 2... by SulfurHexaFluri on Sunday January 17, 2021 @05:26PM (#25815817)

I don't have proof for the larger community but I was very interested in bitcoin at 2012-2015 and it really did seem like it was going to be a real alternative, all the big companies were starting to accept bitcoin but now its all gone.

Almost nowhere accepts bitcoin anymore because they failed to solve the issue that transactions cost on the level of dollars to process so its only useful as a speculative investment and not a practical currency.

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Re:Bitcoin emissions alone could push global warming above 2... by oivey on Sunday January 17, 2021 @05:45PM (#25816019)

In hindsight it makes a lot of sense. The cost of a transaction for Bitcoin is always going to be higher than just updating a value in Visa’s database. Visa may have some increased costs due to consumer protections, but consumers are pretty clearly willing to shoulder the cost.

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Re:Bitcoin emissions alone could push global warming above 2... by clcuc on Sunday January 17, 2021 @06:09PM (#25816220)

Weren't Ethereum and Cardano supposed to solve some of those problems?

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Re:Bitcoin emissions alone could push global warming above 2... by SulfurHexaFluri on Sunday January 17, 2021 @06:46PM (#25816497)

I have never heard of Cardano and Ethereum seemed to market itself as a way to run the internet and government inside of blockchain while the reality was it was never used for anything but speculative investment.

Cryptos have basically burned the idea and the general public will probably not care of any future solution since all of the previous ones were scams or not very useful.

These cryptos all promise the world and deliver nothing.

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Re:Bitcoin emissions alone could push global warming above 2... by Zamicol on Monday January 18, 2021 @03:02AM (#25819361)

Ethereum is producing insane value.

For example, Uniswap is a decentralized exchange living on top of Ethereum that frequently has volume higher than Coinbase. A couple years ago that was the "end vision". Now it's an everyday reality.

Loans, mutual fund like assets, lending etc. The ecosystem is booming.

Ethereum is absolutely fulfilling it's mission.

https://defipulse.com

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Re:Bitcoin emissions alone could push global warming above 2... by sellyme on Monday January 18, 2021 @12:33AM (#25818532)

If everyone else is getting the same dozen daily scam emails related to Ethereum that I am, I'd have to assume that it has irreparably harmed the currency's reputation.

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Re:Bitcoin emissions alone could push global warming above 2... by mrmuagi on Sunday January 17, 2021 @05:38PM (#25815959)

The price surge we're seeing and have seen. More and more people are holding BTC like gold, so when the value rises their pockets get fatter. Not for any payment, just investment.

I even see it myself, and I don't speak for anyone in that community. I bought some BTC ~4 years ago to buy something and did the math on current value. It's kind of shocking.

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