[chaxor]

The environmental impact is tiny compared to that of the banking industry.

Of course, we can always strive to reduce emissions in every facet of our lives. However, this argument applied to Cryptocurrencies didn't hold any water at all, once we make the proper comparisons.

[oblio]

The banking industry does a ton of things: holds salaries for billions of people, performs payments for billions of people, holds bank guarantees for millions of people, offers loans to millions of people, offers savings accounts (not amazing these days, but they're there). They also do the same for millions of businesses, with even more complex products.

Do you think that all of that can be waved away? What do you think will replace it with crypto? Nothing? Where will I get a loan? Heaven? The Moon?

[bellyfullofbac]

Ha, what a great comparison. /s. And what percentage of the world economy runs on crypto, compared to the % that uses the banking industry?

[chaxor]

The daily trading volume of nyse was similar to that of btc even back in 2017. Banks are throwing enormous amounts in now. But if your little quip was meant to ask how the mere mortals are using it in the streets, I think it depends on the country.

It may take some years before developed nations have old ladies paying each other for wine night with some crypto. Although, it seems that companies like Venmo may be crypto in the backend, with a usd mask for the user. So, perhaps more than you think.

[bellyfullofbac]

I'm conflicted between telling you how clueless you are (and getting downvoted for being a dick) and walking away shaking my head because I don't feel like wasting my energy explaining shit to clueless people. "it seems [...] Venmo may be crypto"? Wow, yeah, you look like you know what you're talking about. /s

I guess I'm doing both. Good luck with your expert knowledge of economics!