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A comment on Apple Blocks Coinbase wallet, for not giving them a 30% cut of exchange fees. Parent comment

Re:Apple Blocks Coinbase wallet, for not giving them a 30% c... by Mistletoe on Thursday December 01, 2022 @07:34PM (#33825194)
You are confusing Bitcoin with crypto. Ethereum uses drastically less energy after it transitioned to proof of stake. Many other cryptocurrencies are similar.

https://digiconomist.net/ethereum-energy-consumption

Nor do I agree with your assessment of banning Bitcoin because its power usage doesn’t match what we would like. I assume we all somewhat believe in the free market and the free market is solving this problem. Bitcoin price appreciation has been anemic at best and is only about 2% over the SP500 in the past five years. Both about +56% Ethereum is quite a different story. +177%. Innovation is working.

How much power and materials are wasted when Apple releases incremental changes with a new number each year to resell the same thing to materialistic buyers annually?

[ Parent | on HN ]
Re:Apple Blocks Coinbase wallet, for not giving them a 30% c... by startupsfail on Friday December 02, 2022 @12:34PM (#33833706)
Crypto is bound to bitcoin. There is nothing that is holding that house of cards besides the bitcoins. As Ethereum and other coins do not have the cap. And near any investment into crypto contributes to the environmental damage from bitcoins.

You can read Apple’s environmental report. And read the recent publications that analyse the environmental impact of crypto. And one of the biggest moves that Apple and Google can do as companies, to lessen the environmental impact is actually banning bitcoins and crypto.

As someone who cares about the environment, I advocate for it. I don’t have any investments to Apple or Google or Bitcoins. Please, disclose any crypto investments, should you advocate for these.

[ Parent | on HN ]