First it was drug dealers, then it was tax evaders, and now it's CO2 emissions...
There's been quite the list of criticisms thrown at bitcoin over the years, and like the others the latest will soon be put to rest as well.
The popular negative narrative surrounding bitcoin lately is that it is going to destroy the planet due its energy consumption.
While it's true that it uses a large amount of energy, that energy isn't all fossil fuels....
In fact, a big chunk, that is growing even bigger is green.
We just had this come out today from a very wealthy person that cares very much about the environment and he's not too concerned...
(Source: https://twitter.com/DocumentingBTC/status/1384120105349484552)
What's more....
If you compare the carbon footprint to gold's, it's merely a fraction of the environmental impact.
If you compare it to the legacy financial system, it's even less.
It's fun to bash bitcoin, it's less fun to do some critical thinking.
The next time you see someone bashing bitcoin due to its energy consumption and environmental impact, remind them its fractions of investment banks and the gold industry, plus it's getting greener by the day.
Stick that in your pipe and smoke it.
Have you heard about this new amazing invention! In Canada they are now using Bitcoin mining to REDUCE carbon emissions. They use the excess flare gas from oil mining to run the BTC Mining rigs, instead of burning the natural gas and causing green house effects. So Bitcoin mining is becoming useful for the environment! Here is the Youtube link...
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There you go, thanks for the info!
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I have always been disappointed with claims that Bitcoin will ruin the planet, carbon monoxide and all the toxic waste in the world hasn't, Bitcoin?
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Bitcoin has been progressing massively since the past years maybe people are talking about ruining bank operations.
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They’ll say it s bad for the UFOs next! LoL
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Bitcoin is timely relevant now a days for cashless transactions.
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NO, bitcoin will certainly not destroy the planet.
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