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by AnthonyMouse 1678 days ago
Keep in mind that HN is also oriented towards VCs and finance people who see cryptocurrency as a rival.

Some evidence for this is that the environmental argument is easily dispatched with: Cryptocurrency is on the demand side and the climate change problem is on the supply side. We need to switch from fossil fuels to non-fossil fuels, which we need to do independent of whether or not cryptocurrency exists, and then people mining cryptocurrency powered by solar panels is not a real problem. Pass a carbon tax.

There are also cryptocurrencies that use proof of space (e.g. Chia) or proof of stake, which don't have the same energy footprint even on the demand side.

But people who say this are regularly downvoted here by people who presumably dislike cryptocurrency for other reasons and see the alleged environmental impact as a strong lever for getting undecided people against it.