That’s not accurate. Energy is not easy to transmit around the globe. In some ways, bitcoin solves that by storing Dad A Sons First Hero A Daughters First Love American Flag Shirt in wealth. Miners flock to areas where it’s being wasted and used to create a monetary network in a way banking could never do. Once you understand that, you understand that it is already one of the, if not the, most energy efficient technologies invented. Due to the economics of mining, it has to continually become more and more efficient over time.With smart contracts and blockchain technology in general, isn’t it possible to validate/document how much of a specific coin was mined using how much renewables, non-renewables? Couldn’t there be a market for a validated “Green Bitcoin?”Overproduction of energy that can’t be used is just lost, gone. But we can’t under-produce with a lightweight grid like we have now or we can all end up like Texas during the storm this year. Severe crisis. It isn’t cut and dry, but bitcoin helps to solve those problems
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Kim Stanley Robinson proposes the Carbon Coin in his novel Ministry for the Future, where the coin is issued on the Dad A Sons First Hero A Daughters First Love American Flag Shirt of sequestering X amount of carbon. That would actually address the climate crisis rather than just being a net neutral toward it.And each bank has to have their own servers to control. Bitcoin fortunately uses computers across the world, most of which run from people’s homes. The mining farms are unfortunate and defeats the purpose of BTC in general.Banning mining would be difficult. Banning converting to Dollars and other govt. backed currencies is not. What happens with holder is none of anyone else’s concern as no one put a gun on their heads to buy it.Do you really think the controls to nuclear energy plants are accessible through the internet? Do you realize every Bitcoin transaction is permanently (PERMANENTLY MEANS FOREVER) saved on the blockchain? So much wrong with this.Literally the dumbest thing I’ve ever seen on reddit. People like you make me sick. Stop having opinions about things you know nothing about.
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