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Re:Stripe is kick-starting market for carbon removal by coldpie on Wednesday October 27, 2021 @10:00AM (#29013370)
I guess you can make the argument that crypto is useful as a form of entertainment, but that's one hell of a polluting casino you got there.
Re:Stripe is kick-starting market for carbon removal by coralreef on Wednesday October 27, 2021 @10:22AM (#29013639)
Crypto provides utility by being decentralized, permissionless to participate in, and censorship resistance.

The reason mining consumes so much aggregate energy is because it is the most profitable use of energy at the moment. Part of this is because the cost of energy for fossil fuels in not accurately represented in its price.

Tax payers / governments subsidize the fossil fuel industry in billions every year, including coal which is used in coal power plants. A carbon tax is also not implemented. So externalities are not captured in price.

It should fairly obvious how energy sources change once those issues are addressed.