Banning crypto? Depends if you think crypto is a steroid powered ponzi scheme who’s main saving grace is making illegal activity and sanction avoiding by rogue states possible.
Banning crypto? Depends if you think crypto is a steroid powered ponzi scheme who’s main saving grace is making illegal activity and sanction avoiding by rogue states possible.
Just ask yourself, is Trump involved in it? If yes, then you’re probably fucked and a few are profiting greatly.
Stop glossing over the diversity in the #Crypto industry! Words matter🤭
NFTs were pig in poke scams. It is a diverse industry.
You can’t take the money with you when you die, not even if your crypt is as big as that of an ancient pharaoh. No use calling it “crypt-o-currency” 🤦♂️
I don't know, but those Ethereums and NFTs look like the gold Smaug farted on in the Erebor Vault
I always go back too the old adage, if it’s too good to be true…
Surely, using massive amounts of energy to maintain virtual coin banks is the kind of efficiency society needs.. Spending more on currency than the currency is worth is genius.
Well, economic sanctions literally kill people, so sanction avoiding is good, actually.
Not Russian ones.
The blockchain's very nature makes every piece of cryptocurrency traceable throughout the entirety of its lifetime. We let illegal activity happen by choice.
I prefer neo pseudo personally.
And an unregulated currency.
Also destroying natural resources and our life support system for the dumbest & fools gold greedy & most criminal reasons possible. Every Crypto Bro deserves to burn to the socket.
Well..... when you put it that way.
It's also great for international money laundering and buying drugs off the internet.
I think it should be illegal.
Recent 2025 Cambridge study says 138 TWh (and 52.4% sustainable energy) and 2.3 kton of e-waste in 2024. Nobody knows the water use (for electricity production or cooling). How much water does driving an EV cost 🤔? It's mostly estimations, extrapolations, and miscalculations, without context 😏.
Oh dear, did you really just try to compare Bitcoin with EV use? Only one of those is a necessary thing. Saying that half the electricity use of cryptocurrency is sustainable only underlines the fact that it is a drain on Earth resources - that renewable energy use prolongs fossil fuel dependency
Sound money is worth it Jane. Let’s fix the root cause of most of societies problems. m.youtube.com/watch?v=YtFO...
Cryptocurrency isn't sound money. Increasing climate change, enriching fossil fuel companies and driving up the price of energy doesn't help fix any of society's problems
Why don’t you harp about the cruise industry or gold mining or traditional banking, all worse polluters.
Are you genuinely asking me why I am talking about the damage cryptocurrency does in a conversation about why we should ban cryptocurrency?
Gold mining. energy-intensive, environmentally disruptive, and costly, heavy machinery, chemicals, and vast amounts of electricity to extract and refine. In 2020, gold mining consumed roughly 131 TWh of energy globally, comparable to Bitcoin’s estimated 120TWh. Bitcoin is an improvement over gold.
I’m trying to enlighten you. Go about your wrong think, it’s fine. Cya
You are attempting whataboutery to deflect from a harmful thing that you are obviously invested in, to make yourself feel better about it 👋
I’m pointing out flaws in your logic using real world symbolism.
If you can’t grasp the problem, that’s a you problem. Addressing the root cause of a problem doesn’t always seem intuitive or sensible until it resolved the problem. It’s obvious you didn’t watch the clip.
Luckily that's mostly misinformation. 👍. False. Besides that you're ignoring the benefits. And you're ignoring the alternatives (like the current petrodollar system, and the inevitable introduction of CBDC's) and their harmful effects on humanity and the planet.
Sorry, your personal opinion about whether an activity is useful or not (while fine of course), is not relevant. We can't just make up numbers about an activity we love to hate and then say: "See! It's harmful! My made-up statistics prove me right".
When you evaluate an activity *based on* its (supposed) use of resources, you can't just ignore that for other activities that you *do* like. And the Human Rights Foundation for example *strongly* disagrees with you on the topic of its usefulness: hrf.org/program/fina...
To elaborate on EVs 😏: "They still use fossil fuel and water (in the electricity mix). Batteries need rare resources (poor children in cobalt mines), they kill pedestrians, clog the roads. They're heavy, dangerous, harmful and unnecessary. Everybody should use bikes and public transport." 🙃.
Hard to believe you are trying to pretend that a cryptocurrency entirely based on using electricity isn't actually using that much electricity but here you are. Meanwhile, the planet is becoming uninhabitable and does not need this additional drain on resources. www.greenpeace.org/usa/mining-f...
It was more about e-waste and supposed water use that I encounter a lot of made-up statistics (aka misinformation or lies). The total (!) electricity use of the network is tied to its computational strength and not really debated imo. But taken out of context (which, when, where) it's meaningless.
I am convinced (by arguments and examples) that it's of great benefit to humanity and the planet: It protects privacy in an increasingly authoritarian world. It's an alternative to the current exploitative debt-fueled petrodollar system. It's the quickest way to reduce harmful methane emissions.
And that's why I can't help but roll my eyes 🙄 every time someone mindlessly repeats the same old nonsense they picked up in the media: "it's just for buying drugs, for ponzi scams, and it boils the oceans, it should be banned".