Re:The ecological disaster that is Bitcoin
by randomhodler84 on Thursday April 15, 2021 @11:48AM
(#26821933)
Eventually all markets will converge on renewable energy being the cheapest. It can be no other way — no consumable fuel will always beat consumable fuel in the long run. Bitcoin accelerates this transition process by providing something of value.
[ Parent
| on HN ]
Yes, in the long run you are right.
In the timeframe that matters, Bitcoin IS an ecological disaster. I don't understand why people ignore that just because they like the idea of crypto - which I do, too.
edit: well, actually of course I understand. But wouldn't it be honest to say "I care less about the environment than I care about my wealth" instead of claiming that Bitcoin will incentivise green energy?