Viewing a single comment thread. View all comments

OlSparkey wrote

I think it is safe to assume that the national currencies may consume more energy than simply their printing. One measure could be how much money is spent managing them as often money and carbon consumption go hand in hand

3

moonlune OP wrote

yeah, and loaning our money to banks (via saving it), and them doing fracking with it, is the worst environmental impact of a person.

2

OlSparkey wrote

This isn't exactly what I was getting at. More like, there are xxb/trillion dollars per year that goes into currency management. All that money is spent by people on stuff and all that stuff has a cost in terms of emissions. So you need to compare that carbon cost to the carbon cost of bitcoin and then you start to have a rational argument against bitcoin on an emissions basis. This title is all smoke and mirrors - it seems to provide a rational position against bitcoin, but it does not.

1