theglaze wrote on Oct 16, 2021, 12:40:
Cryptocurrency isn't a new disease that has to be eradicated or we're all doomed.
You have clearly no idea what you're talking about, according to projections it should have a bigger impact than the internet and information technologies combined had.
For that to happen massive amounts of energy, the likes of which humanity has never seen, will need to be wasted and ungodly amounts of CO2 released in the atmosphere. Crypto mining's CO2 and energy consumption are following an EXPONENTIAL curve at an alarming rate.
How alarming a rate? Bitcoin alone used 9.59 TWh in February 2017 ( source:
https://digiconomist.net/bitcoin-energy-consumption ), a bit more than 4 years later it uses 175 TWh. Its corresponding CO2 generation followed the same trend. That's a ~2 times increase per year... At this rate ( and the way the algorithm works, there's no reason to believe it could ever slow down, it was built like this by design, call it Satoshi's "oops, I fucked the world" to make billions Ponzi moment ), it'll consume the equivalent of the current energy consumption of everything on the planet combined ( 23 398 TWh, source:
https://www.statista.com/topics/6462/global-electricity/ ) somewhere in 2028.
Let that sink in.
If you believe for one second that crypto isn't the current/future main threat to life on Earth, you haven't been following what has been happening for the last 10 years and/or you have a lack of comprehension of basic maths, especially exponential functions.
FTFY:
theglaze wrote on Oct 16, 2021, 12:40:
It's a symptom of our diseased culture (anti)economic system.
It is... but it's like saying. "Well, I had this minor ache to the heart since I was a wee kid, it always passed, so this heart attack thing should be no big deal right? Right doc?"
*Doc facepalms*
Mr. Tact wrote on Oct 16, 2021, 17:03:
The value of any currency whether it be US dollars or Dutch tulip bulbs, is completely based on the population's belief and trust in the currency to hold its "value".
Not crypto, it has been repeatedly and thoroughly proven to simply be a Ponzi scheme and nothing else. The numerous scientific demonstrations of this are out there, you need simply look for it. Just put your cognitive bias aside for a moment and look it up.