10 posts in and nobody is voting except FM Penningtron, who I assume cast their vote wrong...
Kniferide wrote: Thu Dec 16, 2021 1:48 pm
Not really very emotional about either choice,
but as all electricity production becomes more green/sustainable as well as the changes in the technologies driving it, the impact of Crypto is destined to decline over time. Not to mention that in that conversation, nobody ever mentions the ecological impact of the hordes of servers propping up traditional banking, the stock market, ATM networks, Online commerce which I would guess is pretty damned high as well. In theory, you could build a completely wind/solar powered Coin miner, and well... there you go.
I have to disagree somewhat.
I don't think the the financial incentive is there for technology to catch up in time for Cypto to not have a devastating impact. Individuals especially, choose short term gain. It already has had a MASSIVE impact. We're talking kilotons of waste per annum.(that we can measure)
In my experience, the ecological impact of server farms necessitated by banks and social media, data/AI firms etc... is almost always mentioned.
It's often the main argument against crypto as we've already seen the impact googles and fecebooks have had.
While perhaps to a lesser extent in the US(if at all) corps pay a hefty carbon tax associated with their footprint - not the case for billions of crypto-miners worldwide.
Kniferide wrote: Thu Dec 16, 2021 1:48 pm
How much power does Tik Tok, FB, Instagram, other social media burn. That shit offers absolutely nothing of true value and exists only to sort ads directly to your face.
Kids gotta have it though!