[aMorePerfectUnion]

If YOU would like to be on a CRYPTO PING LIST, please pm me.

The Crypto Ping List covers the following:

Bitcoin
Ethereum
Other coins built on the Ethereum blockchain mining
etc.

Thanks! For it - or ag'in it, it'll be a wild ride.

There has been much written about the energy usage of Bitcoin. This article reveals the other side and is worth reading in it's entirety.

Hat tip to ConservativeDude for the idea to post!

AND WORTH NOTING THAT CONSERVATIVEDUDE WAS THE FIRST TO JOIN THE CRYPTO PING LIST!🔥

[aMorePerfectUnion]

PING!

[butlerweave]

Math will save the World ?

[ScubaDiver]

I’m not a bitcoin hater, in fact I own a not insignificant amount of it myself. However, this author slays some ENORMOUS straw men to quiet crypto critics.

[SaxxonWoods]

Bitcoin will be under the control of governments soon and all the fun will be over.

[ConservativeMind]

One could say electric cars accomplish the same thing, while electronic cash movement gets the moves performed without needing massive amounts of energy that Bitcoin does.

Proving that unknowable persons previously touched a dollar equivalent in Bitcoin, cash, or electronic means, is not useful.

This article simply says that Bitcoin wastes tons of energy, so it incentives finding more energy.

[Truthoverpower]

Wrong

Jesus will

The love of money is the root of all evil

Eternal life and happiness will only come through understanding the profound teachings of Jesus Christ

Jesus overturned the tables of the money changers

[I want the USA back]

This, coming from Bitcoin Magazine, has no credibility. Bitcoin will not save the Earth.

[CodeToad]

That was some of the most silly propaganda with twisted logic and lies. A liberal wrote this, right?

First off, there is no global warming. At all. None.

Second, mining bitcoins takes a massive amount of energy, so much so that bitcoin mining companies have gone to northern Canada for cooling purposes.

Third, there was no evidence presented, no facts, no math, to state bitcoin was more energy efficient to process transactions.

This propaganda gets a flat F for a grade.

[wny]

...and it will cure the common cold.....

[Magnum44]

[EnderWiggin1970]

“Bitcoin is the only system which solves this problem at scale without a trusted third party, and energy usage is the key component of that solution.”

When Bitcoin maximalists say things like this they tend to forget about all the other cryptocurrencies out there.

And this part isn’t true (think of all the proof of stake coins out there). Nano provides finality and decentralization with no fees and the proof of work required for their system is extremely tiny compared to bitcoin. The challenge with Nano is that a currency that is free to transact is easily spammed, but the latest round of countermeasures being deployed in Nano should render spam attacks ineffective. (Look up “Time as a Currency/P4Q” on Nano forums if curious.)

[amorphous]

Related:

Absurd NFT PRices Expose a Global Financial House of Cards

https://www.zerohedge.com/news/2021-03-26/absurd-nft-prices-expose-global-financial-house-cards

[amorphous]

[discostu]

Mmmm no. For one thing this article is ignoring how much electricity “mining” takes. Plus the general internet electricity which bitcoin can’t function without. There’s no way it uses less electric than the other forms of digital money (debit cards, EFT, etc). So at best it’s a net zero.

[Rebelbase]

Energy won't be a problem once human details are worked out.