Waste? Better forget about crypto then. Even at its peak it didn't even amount to 1% of global energy consumption. Maybe you should suggest putting a ban on trading with China instead.
China does useful stuff; their energy consumption is going up because they have over a billion people who e.g. want AC units in a tropical heatwave. They're building literally more renewables than any other country in the world and still aren't keeping up with demand. If we permanently switched off all those power plants then tens/hundreds of millions would die.
In contrast, switching off all crypto farms would be a free reduction in emissions, and indirectly save lives.
Tell me what they should stop producing. Most of what they make is just boring every day stuff that we need to live comfortably. Do you like using knives and forks? What about cookware? A toy for your 2 year old so they can have some fun? Useless shit right?
More like 0.5%. A literal drop of water into the ocean of western wastefulness.
My only objection to it is the fact all that energy is being poured into obsolete technology like bitcoin. I wouldn't even mind if Monero used even more energy. That energy is buying us something: a true cryptocurrency.
What the fuck are you talking about? You want to consume all the energy generated, just for currency? You think people will stop creating new coins? You think using the worlds energy to generate random numbers is a form of freedom?
I want to ask rhetorically if you are out of your mind but, like I said, it’s self evident.
You can't attack another user like this, regardless of how wrong they are or you feel they are. It's not what this site is for, and destroys what it is for.
Cryptocurrencies and the relative irrelevance of the energy consumption associated with them.
> just for currency?
Not just any currency, one that guarantees privacy and anonymity.
> You think using the worlds energy to generate random numbers is a form of freedom?
I don't see anyone complaining about the energy that gets poured into processors every single day to make them generate random numbers that are then used as secret keys in cryptography just so that users can securely shitpost on social media. All those advertisers are making a killing so all this activity must be moral, right?
