Out of the blockchains, BTC and ETH are by far the worst for energy efficiency though... that's well documented. I don't believe that most of these miners are running carbon-friendly/neutral.
Of course, the batteries that Musk creates are horrible for the environment and probably no better long term and probably worse for the environment.
However, I agree with Elon (apart from DOGE) and when he first purchased BTC I complained to friends/family who asked, that it didn't make sense why he chose the least efficient crypto to get in bed with.
There are many more efficient cryptocurrencies but I guess if you want to bring crypto mainstream it takes a billionaire to buy the most popular one and dump it later for a meme coin.
Thanks for sharing out the points i will try to share as much as possible to my friends to help them understand everything as they believes Elon is right in his point so now i can show them this to prove my point too ;)
We need to make politics the nemesis of crypto. Politics ruin everything it touches, from sport to comedy, we don't want this space corrupted by idea-logs.
There will always be FUD around energy usage because people will be able to go "Well it was powered by a coal-fired plant somewhere with no pollution regulations, think about THAT!" And I think they're right, to a certain degree.
Our World as a whole, not just crypto, needs to continue to push to be greener, but this is a good step.
I’m not a supper investor or anything, but I’ve always kinda in a debate for how bad for the environment crypto is, almost always I end up saying “at the end of the day, crypto or traditional, we’re fucked if the powerful people don’t do anything”.
I’m glad more people is thinking about this and that’s going to lead us as a collective to evolve and create something more friendly with the environment and with morals and ideals.
I believe crypto investors are very sensitive and responsible for energy efficiency and environmental awareness.
Most of the people in this market are the new generation, namely young people, and the environmental awareness of the people of this age is very good.
Therefore, I have no doubt that we will produce rational and correct solutions.
As the author said in the article
''The Bitcoin, Ethereum, and Proof-of-Work energy debate is political. Crypto operators are energy and environmentally conscious, not rapacious dweebs as mainstream media describe them.''
I feel safe agreeing with Rhyskent that must miners aren't using renewable energy. I don't obviously know that for a fact, but it feels like a safe bet. Maybe the BIG established "firms" are environmentally aware, but the other countless individual setups like the one recently found that was posted all over the internet probably don't care.
Now, let's be clear... I don't disagree with the general premise of everything you said. There is a MASS of false info scaring folks away from something amazing and revolutionary and, yes, the Dogefather has not helped. Everything has growing pains. Was the first car good for the environment? Heck no! Yet now look where we are. Is the first iteration of crypto going to be perfect? Nope! Yet for whatever reason it's expected to be. Things take time. We'll get there, but it will take trial and error and a little bit of pain.
Out of the blockchains, BTC and ETH are by far the worst for energy efficiency though... that's well documented. I don't believe that most of these miners are running carbon-friendly/neutral.
Of course, the batteries that Musk creates are horrible for the environment and probably no better long term and probably worse for the environment.
However, I agree with Elon (apart from DOGE) and when he first purchased BTC I complained to friends/family who asked, that it didn't make sense why he chose the least efficient crypto to get in bed with.
There are many more efficient cryptocurrencies but I guess if you want to bring crypto mainstream it takes a billionaire to buy the most popular one and dump it later for a meme coin.
Thanks for sharing out the points i will try to share as much as possible to my friends to help them understand everything as they believes Elon is right in his point so now i can show them this to prove my point too ;)
We need to make politics the nemesis of crypto. Politics ruin everything it touches, from sport to comedy, we don't want this space corrupted by idea-logs.
There will always be FUD around energy usage because people will be able to go "Well it was powered by a coal-fired plant somewhere with no pollution regulations, think about THAT!" And I think they're right, to a certain degree.
Our World as a whole, not just crypto, needs to continue to push to be greener, but this is a good step.
Disruption is the name of the game. Ethereum is changing everything. The powers that be don't like that change.
I’m not a supper investor or anything, but I’ve always kinda in a debate for how bad for the environment crypto is, almost always I end up saying “at the end of the day, crypto or traditional, we’re fucked if the powerful people don’t do anything”.
I’m glad more people is thinking about this and that’s going to lead us as a collective to evolve and create something more friendly with the environment and with morals and ideals.
I believe crypto investors are very sensitive and responsible for energy efficiency and environmental awareness.
Most of the people in this market are the new generation, namely young people, and the environmental awareness of the people of this age is very good.
Therefore, I have no doubt that we will produce rational and correct solutions.
As the author said in the article
''The Bitcoin, Ethereum, and Proof-of-Work energy debate is political. Crypto operators are energy and environmentally conscious, not rapacious dweebs as mainstream media describe them.''
I feel safe agreeing with Rhyskent that must miners aren't using renewable energy. I don't obviously know that for a fact, but it feels like a safe bet. Maybe the BIG established "firms" are environmentally aware, but the other countless individual setups like the one recently found that was posted all over the internet probably don't care.
Now, let's be clear... I don't disagree with the general premise of everything you said. There is a MASS of false info scaring folks away from something amazing and revolutionary and, yes, the Dogefather has not helped. Everything has growing pains. Was the first car good for the environment? Heck no! Yet now look where we are. Is the first iteration of crypto going to be perfect? Nope! Yet for whatever reason it's expected to be. Things take time. We'll get there, but it will take trial and error and a little bit of pain.
I don't see many people jumping up and down about how inefficient it is to create physical notes and coins!! 🤔🤔