Bitcoin and other PoW coins are an ESG nightmare

Re:Bitcoin and other PoW coins are an ESG nightmare by Nursie on Monday February 15, 2021 @01:00PM (#26145208)

Needless to say, I think that in a world where we are trying to become (as a general rule) more power-efficient in order to combat CO2 emissions, that's not the case. Adding whole new countries-worth of power use just for some new financial geekery really doesn't seem worth it.

But I'm glad we agree the comparison with the existing system is a silly one.

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Re:Bitcoin and other PoW coins are an ESG nightmare by solosoyokaze on Monday February 15, 2021 @01:02PM (#26145227)

It's not just financial geekery, it's a complete re-configuring of our society including the dissolution of the state. Combating the eco destruction wrought by entities like the US government is a big piece of the puzzle.

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Re:Bitcoin and other PoW coins are an ESG nightmare by Nursie on Monday February 15, 2021 @01:04PM (#26145254)

I don't see the dissolution of the state happening due to cryptocurrency, nor would I welcome it.

(further, adding a new mid-sized country to the energy map is not a great way to go about righting ecological wrongs.)

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Re:Bitcoin and other PoW coins are an ESG nightmare by solosoyokaze on Monday February 15, 2021 @01:09PM (#26145309)

I do see the dissolution of the state as the end game for crypto, which also happens to align with my philosophy.

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