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by moron4hire 1481 days ago
The problem is, cryptocurrencies as an aggregate industry, see "success" as replacing all of the global monetary system as a whole. So even though this weird hobby that some people have is not currently, today, a major percentage of total climate-harming CO2 emissions, if the end-game comes to pass it will be a disaster.

Similarly, F1 or NASCAR racing are incredibly inefficient uses of fossil fuels. But there is no threat of performance racing becoming how everyone's cars work. So it can stay as just some weird hobby of rich people and not represent an existential threat to life as we currently know it.

The point of continuing to advertise the climate cost of cryptocurrency is to help keep consumers informed. If people care about the climate, are thinking about getting into crypto, and they learn ahead of time that crypto is bad for the environment, then they might skip getting involved in the first place. In this way, we can hopefully cut off the supply of Greater Fools that are necessary to keep the cryptocurrency-cum-hyper-speculative-asset-investment pyramid scheme from growing.