Crypto is damaging the environment

Comments

26 comments

  • Prethor

    No, it isn't. Crypto is the most environmentally friendly financial system. Stop repeating lies.

    -35
  • BoopDoop

    bitcoin has a larger carbon footprint than some countries. crypto mining companies have literally bought out coal plants to fuel their energy use. you are a nonsense person

     

    18
  • Prethor

    BoopDoop Do you know how big the carbon footprint of the banking system is? Crypto is using mostly renewable energy sources and it the industry that transitions into green energy the fastest. You're a sheep and you're repeating blatant lies.

    -22
  • snail

    @prethor
    did you know……………… that multiple things can be bad at the same time

    11
  • BoopDoop

    I'm sure that the banking system also contributes massively to the climate crisis. But I don't think supporting an alternative which is also massively harmful is the right thing. We can either a) work to make the banking system not terrible, or b) switch to a not terrible alternative.

    12
  • Prethor

    BoopDoop This comment is exactly why I think you're a sheep.

    Crypto is far better for the environment than the banking system and since we need a financial system for the world to function, you need to pick one. So unless you have a more brilliant idea than crypto, which obviously you don't, you need to pick the better solution.

    I hope you understand that by opposing crypto you are defending the banking system and doing their job for them.

    -20
  • snail

    i guess i’ll just say this here but it is really strange to me that these people assume that by condemning crypto stuff we support the way other financial institutions are run. which like…. no. i’m a straight up communist and if i could snap my fingers and get rid of all of this shit i would. but changing old financial insitutions will take time and work, and we may be able to stave off this new wave of garbage in the meantime

    10
  • BoopDoop

    ^ based

    9
  • Prethor

    snail Yes, there is no other way. You are participating in the banking system when you have a better alternative. You're a bootlicker.

    And you will NEVER make the banks change. Commies are losers and never accomplished anything.

    -16
  • snail

    @prethor ok but like, they both use the same fuel source. a server farm mining bitcoin is plugged into an electrical grid like anything else. there are a lot of ideas on improving how money is handled that have nothing to do with crypto. one is getting rid of private banking and instead running a centralized public bank through the postal service. another would be putting caps on wealth accumulation and getting rid of the stock market. and by the way, assuming banking is inherently opposed to crypto is strange.

    7
  • snail

    at the end of the day, both are tools to be used by people who are already wealthy at the expense of regular people, including you prethor. why not put your energy into trying to change how money itself is accumulated by people who will never use it.

    7
  • Prethor

    snail No, they don't use the same fuel source. Crypto is currently over 50% fueled by green energy and the adoption of renewable energy for crypto increases. Meanwhile banks don't care what energy they use nor do they even try to become more ecologically friendly. And you're picking banks over crypto.

    -14
  • snail

    except that there is no central “crypto” institution that decides what energy source to use. Greenwashing is a real issue that is now insanely prevalent in capitalism, even from fossil fuel companies. Nobody is saying banking is better. Crypto and nfts are not the solution for what is wrong with our financial system, they are adding fuel to the fire. environmental impacts aren’t the only issue with crypto stuff. crypto is literally just another form of money storage but it doesn’t actually change anything. the same wealth disparities, energy consumption, and instabilities exist, alongside issues unique to crypto

    7
  • Prethor

    snail That's the whole point of crypto that there is no central institution. You clearly don't know what you're talking about but for some reason you think that your opinion matters.

    You are supporting the system you use and participate in. You paricipate in the banking system, you use it and pay them money. You are a good little satan helper.

    -14
  • BoopDoop

    14
  • snail

    anyway i’m done arguing. i have done a lot of research into nft’s and have come to my own conclusion, and i can assume that most of the people here have done their own individual research. i’m not trying to win any arguments. prethor, on some level i do understand why crypto is appealing to people. it does feel like an outsider solution to a genuinely corrupt and problematic system. however, please read up on people who have helped get the ball rolling on crypto. powerful people, people who have deep ties to finance. this is all the same stuff. and none of this belongs on discord

    9
  • snail

    @boopdoop YEAH BRO

    7
  • Prethor

    BoopDoop Crypto is an IMPROVEMENT over the banking system. You talk about improving the system but when there is an improvement you still use the OLD system. You damn sheep.

    -21
  • Prethor

    snail I guess you need to be a special kind of stupid to become a commie so I don't really expect you to change your mind. Bye, have fun with your failed ideology.

    -20
  • BoopDoop

    it doesn't matter if it's an improvement if it's still dogshit. there is no capitalist solution to a problem intentionally caused by capitalism. the only way to actually solve these problems is to do it outside the framework the wealthy class want us to work within, otherwise they will always benefit and we will always lose.

    10
  • snail

    @boopdoop
    king shit

    7
  • Prethor

    BoopDoop One day you'll realize that you haven't done shit to change the system for the better, you just kept the old system running and nothing ever changed.

    Crypto is a level playing field where the banks and goverenments can't steal your money or inflate it away. Whatever you saved and put in crypto will be there in 10,20,100 years.

    -15
  • snail

    ok actually screw talking prethor i just shidded on ya doodoo ass

    9
  • Prethor

    snail Bye, commie. You will never accomplish anything and thanks to you the banks will keep winning.

    -17
  • That random introvert

    Ok prorther. Go back to deepthroating that non fungible boot token ok? Have the day you deserve.

    3
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