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by mike_d 1186 days ago
> We are in a state that every emission is a problem.

Some things will forever burn dinosaurs, like a diesel generator keeping a hospital going in a grid down situation for example.

While cryptocurrencies might not rank as important as a hospital to you, the people fleeing Russia who couldn't take rubles with them or the people of Venezuela who can't trust the banking system have a very different opinion.

Should crypto move to non-PoW systems or use renewables? Absolutely. But some CO2 generation is worth the value crypto brings.

2 comments

Ah yes the few rich and digital smart people who are fleeing some country.

One of the best arguments for crypto...

Just that it's as easy or hard to even exchange the local currency with crypto in the first place is probably as harder than getting us dollar or euro...

The only reason that is possible is that cryptocurrency is underregulated in the countries they are fleeing to, not because of any magical properties of Bitcoin. Those countries will soon regulate it to stop money laundering, making it completely useless.