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by thaway2839 1580 days ago
I'm sure the coal plants that were shutting down until crypto miners bought them is just pure FUD.

And I guess Satoshi's paper on Bitcoin, which shows that Bitcoin is fundamentally run by whoever has the most CPU power, which has naturally triggered a CPU power arms race which has led to a corresponding increase in power consumption is also FUD.

(Once/if alternatives like Ethereum's Proof of Stake are the dominant force in crypto then yes, power consumption will not be a problem, but it is a very real problem now, and if it had simply been dismissed as FUD then solutions like Proof of Stake would never have been created).