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by claudoppl 1360 days ago
> The research found that every $1 in Bitcoin market value generated an average of 35 cents in global climate damages between 2016 and 2021. For comparison, gasoline generated 41 cents, and beef production was responsible for 33 cents in damages.

That doesn't look like an apples to apples comparison... The dollars spent on gasoline have to be at least two or three orders of magnitude above that of Bitcoin, right?

Edit: After checking, it's three orders of magnitude, 10 billion per year in USD spent on barrels [1] vs 0.09 billion in USD fees per year [2], but the article seems it look like comparable threats to our environment.

[1]: https://www.eia.gov/outlooks/steo/report/global_oil.php

[2]: https://ycharts.com/indicators/bitcoin_total_transaction_fee...