/biz/ - Business & Finance

[Anonymous No.29952925]

Can anyone help me argue against BTC (or any other type of Crypto) being environmentally destructive?
Once we transition to more cleaner energy, wouldn't this be a non-issue? There's a lot of upside with crypto that's being left out of people who argue this way.

[Anonymous No.29952965]

>>29952925
It always struck me as another form of nocoiner cope. Like alot of projection

[Anonymous No.29952989]

>There's a lot of upside with crypto
such as?

[Anonymous No.29953017]

>>29952989
Number go up

[Anonymous No.29953039]

>>29952925
Fuck off i am still accumulating uranium stocks.

[Anonymous No.29953040]

>>29952989
Just one off the top of my head, not being in a politically stable nation with a strongly backed currency where you need to worry about whether your family may starve in a future crisis.
There are a ton of countries that fit under this criteria.

[Anonymous No.29953060]

>>29952925
who cares?
Just laugh at the filthy nocoiners

[Anonymous No.29953086]

theyre unironically right

do you want to be right or poor

[Anonymous No.29953105]

>>29952925
>whoever say this is homo, only retards take homos seriously

[Anonymous No.29953109]

Bitcoin mining pretty much only uses energy that was being washed anyway. Checkout the latest podcast with Preston Pysh for more details.

The real question is whom are you arguing with and why are you wasting time arguing? Just buy bitcoin, who cares what other people think.

[Anonymous No.29953188]

>>29952925
>Once we transition to more cleaner energy
Yeah, once.

[Anonymous No.29953199]

>>29953086
In what way though, are there recent reports that analyze the amount of emissions being generated from BTC mining? Genuinely would love to know, especially as we transition to cleaner energy.

>>29953109
I'll check out the podcast, thank you! I do care, because I think this is one of the factors that can drive more acceptance of the general public to crypto, which would be better for us all.

[Anonymous No.29953201]

how much energy and electricity is wasted on vidya and tv and other forms of useless entertainment

[Anonymous No.29953213]

>>29953040
Pakistan's government is mining BTC now

[Anonymous No.29953239]

>>29953188
Fair point, I do hope we reach that point soon.

[Anonymous No.29953253]

I can take a lot of fud but the climate argument scares me. Environmental issues is the handle for governments and financial authorities to destroy Bitcoin.

I'm waiting for one more pump and will then cash out. Will keep my money on the sideline to see if the rest of the space survives.

[Anonymous No.29953267]

>>29952925
>Draining electricity is environmentally destructive

So is having a fridge

Walmart that runs 24/7 wastes more electricity per year than all crypto combined. You don't see these fat fucks railing against Walmart do you?

[Anonymous No.29953279]

>>29952925
Who?

[Anonymous No.29953322]

http://sterlingcrispin.blogspot.com/2021/02/crypto-art-sky-is-not-falling.html

[Anonymous No.29953339]

>>29952925
These lefty fucks cry about muh crypto destroying the environment. But they will ALWAYS and without fail brag to you how many countries they have already traveled too. "Look at the co2 emission from global air travel, compare it to the emission from the bitcoin mining and then fucking kill yourself" is what I would tell them.

[Anonymous No.29953350]

>>29952925
Because cars and airplanes made the world so much worse

[Anonymous No.29953352]

this is what will transfer btcs mcap into a different top 10 coin within 10 years

i wonder which one it will be lol

[Anonymous No.29953362]

>>29953253
Governments use environment because it makes low iq people think they're doing a positive by destroying any competition that might arise

>Killing sand niggers and extracting dino juice from the ground terraforming places into deserts
>Environmentally sound

>Nuclear energy
>NOOOOO YOU CAN'T DO THAT ITS GOING TO HARM THE ENVIRONMENT!

So fucking stupid

[Anonymous No.29953373]

>>29952925
How much energy does Twitter consume? Bet these retards don't realise that almost everything they use consumes energy one way or the other.

[Anonymous No.29953387]

>>29952925
Imagine the waste of electricity from millions of twitter users posting billions of bullshit threads that do nothing to benefit the world

[Anonymous No.29953424]

>>29953387
>that do nothing to benefit the world
They actively harm it in fact.

[Anonymous No.29953575]

>>29952925
Build more nuclear plants instead of sucking off the fossil fuel industry and it won't matter.

[Anonymous No.29953612]

>>29953424
This

[Anonymous No.29953672]

PLZ
/thread
i am still acumulating.

[Anonymous No.29953706]

>>29953201
I play vidya, but this is also a good point.

[Anonymous No.29953720]

>>29952925
Show them BOND (bonded.finance) and they will start to understand what really is important

[Anonymous No.29954018]

Bitcoin? No. Any Crypto that uses a work algorithm that works better per CPU rather than per GPU, like Monero. Yes.

It encourages people to use spare compute rather than buying more compute.

[Anonymous No.29954081]

>>29953086
this. I was never into crypto but then I decided to just spend about 10% of my gains on carbon offsets and stop being a nocoiner copefag

[Anonymous No.29954104]

>>29952925
1, crypto is more efficient than the current banking system
2, crypto rewards low cost electricity and low usage, and the lowest cost electricities are also the greenest, hydroelectric, geothermal, nuclear

[Anonymous No.29954139]

>>29952925
Don't even try to reason with these people, they're NPC midwits who read some propaganda article. There's tons of counter arguments. Ranging from people don't understanding what hashing does, how to calculate the hashing cost of a transaction, the sources of electricity and the alternative energy costs of legacy infrastructure.

They literally don't care, don't bother, ignore them, they're NPCs.

[Anonymous No.29954357]

>>29952925
>arguing with normies on twatter
Why?

[Anonymous No.29954582]

>>29952925
BTC is doomed to fail but other real use case projects will rise up. Still in early stages, its mainly just defi atm

[Anonymous No.29954640]

>>29953267
>Walmart that runs 24/7 wastes more electricity per year than all crypto combined.
Huh? What the fuck are you talking about. All the Walmarts in the world don't use as much energy as the crypto farms in China alone (granted that's a large percentage of them)

[Anonymous No.29954671]

many such cases. ignore them

[Anonymous No.29954713]

>>29954081
May I ask what coins you own?

[Anonymous No.29954718]

>>29954104
This. Banking institutions build crazy shit just to put their name on it. Never mind the resources, labor, lives, wars. You can't put a price on it. Really dumb normie argument.

[Anonymous No.29954896]

>>29952925
Got you senpai.

This is the Orinoco river in Venezuela. It used to be a reservoir of water, billions of trees and undiscovered flora and fauna. Not to mention the indigenous population of the area.

The right picture is how it was left after the Chinese started to mine the area looking for gold.

Precious metal mining destroys the ecosystem, displaces and kills wild fauna, and releases hundreds (if not thousands) of tons of CO2 to the atmosphere. Not to mention the energy required, and the pollution released to, transport gold overseas (freighters release way more CO2 into the atmosphere than millions of citizens in their cars.) BTC does not do this.

Now banks. Not only they require hundreds of tons of paper to work, they require a lot of energy to run their servers, to maintain their offices, plus all the energy and fuel requirements of employees and regular people moving to the physical offices.

[Anonymous No.29955068]

i like the way this thread is going :)

[Anonymous No.29955167]

>>29952925
banks consume way more resources to operate, consider all the little roach people in city of london and wall street. commuting, taking jets, cleaning ladies, it staff, air conditioning, lights,etc

[Anonymous No.29955190]

>>29952925
Mining for metal to make coins, and cutting down forrests to make paper is worse

[Anonymous No.29955264]

>>29955190
yes please - stop mining so price can go up.

[Anonymous No.29955265]

>>29954896
airconditioning and lights in banks during office hours are also energy intensive

[Anonymous No.29955535]

>>29954139
they will stay poor and have fun doing it

[Anonymous No.29955587]

>>29954896
muh environment
lithium, cobalt, rhodium, copper mining is needed for the energy revolution

[Anonymous No.29955806]

All good invention comes out of necessity. If you assume profit is necessity in the age of abundance we found nd ourselves in, then you can then assume things that improve profit will be invented.
Power usage is the cost portion of the btc equation to determine it's profitability (hardware is just an aspect of power use/efficiency).

Therefore, due to massive incentive of direct financial reward without need for any central authority to grant or administer it, you can assume there's equally massive effort going on to improve the energy efficiency of the process.
These advanced will not only be used in bitcoin mining, and techniques developed will spread elsewhere across society.

Btc will actually save the planet in the long run, not out of altruism, but due to greed, an emotion you can bank on.

[Anonymous No.29955823]

I love the tech and in love with crypto not really because of money but coz of the unique features every new project gives..

I just found a gem its looks unique lets see how they work on it
https://mochimo.org/

Plz share with me more good projects.

[Anonymous No.29955916]

>>29952925
Yea I got an argument:
mike blackney can fuck off.

[Anonymous No.29955986]

>>29952989
not being controlled by fucking central bank cartels who shoot little kids to maintain value of their fake money?

[Anonymous No.29956147]

I don't care about BTC's environmental cost (I think PoW is doomed anyway) but there isn't a single good refutal in this thread. At best they are irrelevant, disingenuous or straight up retarded.
Please apply yourself /biz/

[Anonymous No.29956158]

Bitcoin mining still takes up less energy on a global scale than fucking watching television or playing vidya, this is just pure nocoiner cope

[Anonymous No.29956237]

>>29956147
PoW is the only way we know of to have a properly decentralized system. Simple as.

[Anonymous No.29956500]

>>29952925
Biden and eu is gonna ban blockchain and you will all have to buy iota from me. And there is nothing you can do about it.

[Anonymous No.29956528]

>>29952925

[Anonymous No.29956683]

>>29956528
>The blockchain is equivalent to 401 people using a computer for a year
Wow, greener than I thought

[Anonymous No.29956760]

>>29952925
>BTC is environmentally destructive
>big tech isn't
I literally can't hate these faggots enough. How much energy do you think the data centers running shit like AWS take. These fucking retards just parrot whatever kike opinions are fed to them this week, they're the biggest hypocrites and they act so smug and superior, they are cowards, bugs that should be stomped on and thrown in the trash like the pests they are

Bitcoin has no owner, it has no single entity manipulating others for it's own profit, no political affiliations or propaganda, it's perfect and pure and the antithesis of everything wrong with technology and society

[Anonymous No.29956825]

>>29952925
The cattle are told the usual feel good lie to fall in line, and it works yet again. That's why I never take MUH ENVIRONMENT seriously

[Anonymous No.29956877]

>>29952925
>run mining on solar energy
>run mining on wind energy
>run mining on water flow energy
yeah, if only there was some way to run mining rigs on a non-pollutant and environment-friendly and renewable energy sources

[Anonymous No.29957048]

>>29956877
it's almost like bitcoin creates a profit incentive to develop renewable energy. I bet they will turn around and start defending coal and gas when if it's revealed, the same they did with Biden bombing the shit out of Syria
>well actually did you know the heckin poor minorities need those coal and gas jobs you fucking bigot, solar energy has a whiteness problem

[Anonymous No.29957070]

>>29956528
>>29956683
To be more specific this was apparently produced by just 2 pieces of cryptoart made.
https://twitter.com/JoanieLemercier/status/1363085114176122880

most likely just nocoiner bullshit but make of it what you will.

[Kek No.29957685]

Bitcoin on solar on wind on hydro

Still steals energy which could be used for better things than a currency which cant be used by more than 0.1% of worlds popultion.

Even if all energy into bitcoin was green and clean
Bitcoin is still stealing that energy from being used to wash our clothes make our food and run our green trains

For what? If bitcoin actually was a global peer to peer cash with low fees, as Satoshi and bitcoiners claimed just 8 years ago, fine.
But its not fine to pay 100 dollar in fees or more than 1 satoshi in fee.
Its not fine only 7transactions per second can be made even if bitcoin was all green clean energy.

Bitcoin is just again the global you know (((who))) elite destroying the fun for the rest of us.

[Anonymous No.29957757]

>>29957070
What a load, they calculated the electricity of the entire block for each transaction. Sure bidding on artwork uses 25k dollars of coal burned

[Anonymous No.29957821]

I'm curious to know how much energy the traditional financial sector uses in comparison to crypto, does anyone know?

The "muh energy cost" argument sounds like absolute nocoiner cope to me, either way though it's a small price to pay for not having central bankers manipulating currency and bloody wars being fought to protect dollar hegemony.

[Anonymous No.29958030]

>>29952925
eco argument against crypto is at best disingenuous and at worst stupid. one must compare apples to apples. comparing energy input of crypto to total use of a nation or some bullshit is comparing apples to oranges. crypto is a fusion of information and value. so money+internet. how much energy is used to secure the worlds money supply and by implication the fossil fuels that underwrite all that debt driven growth? how much is used for tech. do benefits of these expenditures outweigh the costs - absolutely. crypto is, in fact, eco-friendly, as it will reduce friction in present day operations and will enable further innovation to grow the pie. these eco fucks that tell you that green energy should replace fossil fuels never point out that electricity generation is on the order of 10% of global fossil fuel capacity. there is nothing other than thorium molten salt reactors that can replace the edifice built by fossil fuels.

[Anonymous No.29958232]

>>29952989
Decentralized data management. That's all there is to it and it's fucking huge.

[Anonymous No.29958394]

>>29957685
Name 3 better things

[Anonymous No.29958623]

>>29952925
How much energy is used by Visa, or MasterCard, or the Fed? How much energy is used, and how much environmental destruction is done, to mine gold and other precious metals?

[Anonymous No.29958755]

>>29952925
MUH ENVIRONMENT MUH MUH MUH

Ever heard of infinite energy? recycling?
dumbass falling for NWO fud LMAOOOO

The earth as a ecossytem has no problem with any energy usage and all the environment bullshit is just a way to shift markets to gain more money from gullible idiots like you.

A single big transportership sea cruiser uses produces more c02 per day than all the c ars in the world combined per year. THINK ABOUT THAT

[Anonymous No.29958865]

>>29957685
I pay 5 dollars in fees for moving 2500 USD worth of Bitcoin around. Far cheaper than the entirety of the banking sector and the fees that are attached to that

[Anonymous No.29958913]

>>29952989
Taking power away from central banks.

[Anonymous No.29959020]

Kek. Have fun staying poor you fools.

[Anonymous No.29959679]

Crypto mining uses a fraction of the energy that mining gold does.

[Anonymous No.29959941]

>>29959679
Are you retarded ?
What about needing copper, lithium, cobalt to even start thinking about mining crypto ?

[Anonymous No.29959995]

"The energy problem" is artificial. It's achieved by oppressing nuclear power plants which would provide abundant cheap energy all over the world. It's all a big corrupt larp to fund wind turbines and solar panels.

[Anonymous No.29960040]

>>29959995
You need silver for solar panels ;)

[Anonymous No.29960067]

>>29952925
You need to keep wearing your 3rd mask indoors alone

[Anonymous No.29960107]

You don't need to hire armored trucks to drive around everywhere picking up crypto.

[Anonymous No.29960168]

>>29960107
No but you need network infrastructure for it.
And you need electricity.

[Anonymous No.29960311]

>>29952925
says the urbanite

[Anonymous No.29960668]

>>29952925
>Caring about the environment
Anyone who still pretends is insane. We're fucked, 3 decades too late at least. Crypto mines are the least of your worries when petrol and shipping still exist.
David is supposed to pick goliath, not goliaths autistic, manlet sibling.

[Anonymous No.29960799]

>>29952989
How can you be this thick can you anon?
Being your own bank without anyone being able to sieze your assets
Sending money off internationally in an instant
Smart contracts automating bills e.g. power cuts off if not sent to wallet by end of the money
Do i have to go on

[Anonymous No.29961898]

>>29952925
Yelled the virtue nigger while using electricity.
Fuck commies why are they still around again?
Save us new Hitler

[Anonymous No.29962138]

>>29958913
This, it's why banks are panicking and trying to quickly launch their own "crypto" alternatives to appeal to normalniggers. They're afraid, and they should be. I can't fucking wait.

[Anonymous No.29962247]

>>29953213
there are real countries that started using BTC because they government failed to retain the value of their currency.

BTC is literally saving lives there

[Anonymous No.29962459]

>>29952925
Why would you bother to argue with someone about it?

[Anonymous No.29962517]

>>29960168
That's cheaper though is the point.

[Anonymous No.29962694]

>>29954640
stfu you dumbass nocoiner nigger faggot get out

[Anonymous No.29962731]

>>29957685
>Bitcoin is still stealing that energy
No, buying energy.
There isn't a limited amount anon.

[Anonymous No.29962775]

Electricity on the scale of crypto is a solved problem, evem today. The entire bitcoin network can be covered today by a single nuclear power plant. That's without any of the technologies that will inevitably come to fruition in the next 10-20 years that'll make electricity on that scale virtually free, like fusion power.

[Anonymous No.29962841]

>>29952925
our "virtuous" economy burns 9 million barrels of gasoline every single day on the united states, so mentally retarded mulatto goycattle debtslaves can drive 26 minutes each way to the WAGE CAGE.

[Anonymous No.29962887]

>>29952925
>NOOOO YOU CAN'T JUST AND USE ELECTRICITY F-FOR REASONS I-I-I BECAUSE IT BECAUSE I
Can anyone justify why you shouldn't be able to use electricity that you buy?

[Anonymous No.29962958]

>>29952925
Crypto is bad for people worshipping government
>No seigniorage
>No inflation(1 coin today is 1coin tomorrow)
>No infinite indebtedness
>No bailouts for the wealthy
>No transfer of wealth to wealthy
>Citizens can truly own money
>Government has less mandate to see your every trade

Control freaks nightmare. It breaks the power trip of government elite.

[Anonymous No.29963037]

There were about 3 million ATMs worldwide in 2015. For small bank ATM machines, the average daily power consumption comes around 5 Watt hours. So total consumption for banks during a year for all those three metrics is around 26 terawatt hours on servers, 58 terawatt hours on branches and 13 terawatt hours on ATMs, for a total of close to a 100 terawatt hours a year.
And then we need to factor in the energy consumption of card readers and credit cards, data centers to make transactions. One 2014 study estimated that data centers consume 10% of the global energy consumption alone. Hence, there are a lot more variables to consider when comparing cryptocurrency with other forms of financial transactions, and also the fact that many bitcoin miners use renewable energy.
>Fucking google OP.
Of course, with the datacenter they use, electricity in the office, ATMs and all the devices, the consumption is not even comparable.
Central banks waste more energy printing cash than bitcoin
>This is all before we get into international flights for meetings, teams of lawyers with forests of paperwork and funny money shenanigans.

[Anonymous No.29963112]

>>29956528
>Check your hodl privilege goyim.

[Anonymous No.29963236]

BLUE CHECKMARK

>liberal

BAN CRYPTO

>it's bad for race and environment and stuff

[Anonymous No.29963302]

>>29952925
>Just 100 companies are responsible for 71% of global emissions
Yet nocoiners are perfectly ok with this and think crypto is the devil somehow

[Anonymous No.29964034]

>>29953040
No currency has had any real backing from 71, there all weak

[Anonymous No.29964135]

>>29953109
U see the orange pill were they had on a guy who explained how oil regs are using the stuff they normally had to burn off as a source for local energy to mine btc

[Anonymous No.29964198]

who made normies talk about this shit now?

[Anonymous No.29964486]

>>29952925
Humans account for less than 2% of the carbon that is produced. That means even the most liberal estimates of the effect we have on the environment is almost nothing compared to what they try to shill you. Do you really think a ~2% disruption in the carbon that is produced is a big deal?

[Anonymous No.29964750]

>>29954640
>Huh? What the fuck are you talking about. All the Walmarts in the world don't use as much energy as the crypto farms in China alone (granted that's a large percentage of them)
You got a stat for Walmart energy usage? There are a crazy number of Walmart’s plus the logistics network to supply them. I’d actually be interested to see the numbers

[Anonymous No.29964943]

>>29952925
PoS isn't destructive. PoW will eventually heat homes as the miners bump up against physical limits.

[Anonymous No.29965466]

>>29962517
It isnt.

[Anonymous No.29965493]

China is the one killing the planet by using coal energy to mine bitcoin, but everyone is blaming Bitcoin instead of blaming the country that consumes a billion times more energy than anyone else

[alex No.29965540]

IT"S OVER!!!
RECKTED
I GET WHAT TO DO
YOU WILL STAY POOR ON THIS BIZ
JULB YIELDS ON JULSWAP
2300$ FROM 33000$ FOR A MONTH