[gzu]

What about 0 percent interest rates? How much environmentally damaging malinvestment across the globe has been caused by risk free money?

Think of how carbon intensive the concrete, steel, manufacturing, power generation industry are. Not to mention the population boom beyond our earths carrying capacity needed to perpetuate our ever increasing monetary scheme requiring never ending growth where deflation can never exist.

[dgs_sgd]

Thank you for pointing this out. The misallocation of capital caused by artificially low interest rates caused by central banks printing money (and the "bust" and massive unemployment that follows when lenders realize that the investments are unprofitable at the true market interest rate) is not commonly discussed.

[standardUser]

Sometimes "whataboutism" is subtle. Other times, people simply say "What about...".

[gzu]

Bitcoin is "bad for the planet". 0 percent interest rates are worse. It's the lesser of evils.