Bitcoin’s climate damage is similar to beef and crude oil, says new study

Re:Bitcoin’s climate damage is similar to beef and crude oil... by IntelMiner on Thursday September 29, 2022 @01:34PM (#33024291)

Ah but if we're going down that waterslide of a slippery slope

The entire planet hedges its currency against the USD. Obviously every financial system on Earth needs to be included in that comparison. With their own servers, people, armies etc

And that says nothing of the people using those currencies to execute transactions to buy things such as oil and gas, of course!

Clearly Bitcoin is the solution as the USD is "indirectly" the cause of literally 100% of environmental damage

[ Parent | on HN ]

Re:Bitcoin’s climate damage is similar to beef and crude oil... by rufusroflpunch on Thursday September 29, 2022 @01:40PM (#33024389)

What he's comparing to Bitcoin is not EVERY SINGLE USE of the USD, but the actual USD network (the Fed and it's member banks) and it's security component (the US military, which is the ultimate enforcer of dollar hegemony).

This is comparable to the Bitcoin nodes and the miners.

[ Parent | on HN ]

Re:Bitcoin’s climate damage is similar to beef and crude oil... by colinmhayes on Thursday September 29, 2022 @07:06PM (#33028554)

Except bitcoin can't even come close to handling the number of transactions that occur in USD.

[ Parent | on HN ]

Re:Bitcoin’s climate damage is similar to beef and crude oil... by rufusroflpunch on Thursday September 29, 2022 @07:56PM (#33028990)

Bitcoin is more comparable to FedWire which has very similar throughput. In a Bitcoin world, it would just be the base layer.

[ Parent | on HN ]

Re:Bitcoin’s climate damage is similar to beef and crude oil... by actionfromafar on Friday September 30, 2022 @09:35AM (#33034640)

So it would be much the same as the fiat world for the average person. Just new masters.

[ Parent | on HN ]