Re:Why gold and Bitcoin are popular
by ramchip on Sunday June 13, 2021 @11:09PM
(#27498877)
I think the major argument against that is ethical. I wouldn't invest in something that has disastrous consequences on the environment, even if the expected returns are great.
[ Parent
| on HN ]
Much of what passes for human industry is essentially just strip mining the planet of its natural resources. I’d recommend watching Sir David Attenborough’s A Life On Our Planet for a sobering view of the ecological footprint of non-Bitcoin human economic activity, which presumably you invest in one way or the other. Moving to a global deflationary economic system per Bitcoin would at least disincentivize the rampant consumerism destroying this planet via disincentivizing capital investment and spending.