Because we’re in a middle of a climate disaster and crypto wastes astounding amounts of energy. Bitcoin mining in particular consumes more energy than is used by entire countries. So, while there’s nothing inherently wrong with the idea of digital currency, current implementations are an environmental disaster.
I don’t really have an issue with crypto solutions that are energy efficient. I do think the benefits of cryptocurrencies are largely overstated, but if people want to play with this stuff then who am I to judge. However, stuff like Bitcoin is causing real and serious harm in the real world, and that’s a problem.
yone ever hate anything that’s never done them any harm?
They’ve been told to hate it because even if the first implementation is hot garbage, the later ones promise to be untaxable, unseizable, and invisible. If you’re in the business of taxing
Ubisoft uses Tezos, which is not energy-hungry, so they may have other reasons to hate.
Here is the actual source for that article, and its a lot more nuanced than “Bitcoin uses more energy than some countries”. You have to keep in mind that it is only an estimate. And according to their estimate, gold mining uses more energy than Bitcoin mining. And the global banking system surely uses much more, considering how many millions of people it employs.
Because we’re in a middle of a climate disaster and crypto wastes astounding amounts of energy. Bitcoin mining in particular consumes more energy than is used by entire countries. So, while there’s nothing inherently wrong with the idea of digital currency, current implementations are an environmental disaster.
Ubisoft uses Tezos, which is not energy-hungry, so they may have other reasons to hate.
I don’t really have an issue with crypto solutions that are energy efficient. I do think the benefits of cryptocurrencies are largely overstated, but if people want to play with this stuff then who am I to judge. However, stuff like Bitcoin is causing real and serious harm in the real world, and that’s a problem.
Ubisoft uses Tezos, which is not energy-hungry, so they may have other reasons to hate.
Here is the actual source for that article, and its a lot more nuanced than “Bitcoin uses more energy than some countries”. You have to keep in mind that it is only an estimate. And according to their estimate, gold mining uses more energy than Bitcoin mining. And the global banking system surely uses much more, considering how many millions of people it employs.