>Bitcoin consumes 'more electricity than Argentina'
https://www.bbc.co.uk/news/technology-56012952I don't know much about energy network and power consumption of average Joe in Argentina/Slovenia/Greenland, so this article doesn't tell me much. Is that because 25% of a country doesn't have access to stable electricity, so energy requirements to run a country are small? Are their electric and electronic devices are mostly power efficient? Do they use a lot of geothermal heating without using electricity and gas to produce heat or cold, so energy use of a country isn't the same of another country in a different location? Are their energy providers close to cities, so less energy is lost in transit? Do they have home-based wind/solar power generators skipped from equation due to relaxed regulations?
Energy consumption in the UK dropped by 12.9% during COVID pandemic[1]. Is that enough to stop people blaming BTC for everything bad on energy market and pollution? That was _easy_ to fix.
I agree hashing and PoW protocols are crap and I even think they should be banned, but
let's start adding to this discussion other things, like how bad USD and traditional banking systems are. We talk even less often about international banks money laundering with ISIS, Al-Qaeda and Mexican drug cartels, hello all HSBC and Deutsche bank employees! I'm sure we have a lot of easier targets (still talking about ecological damage and pollution) to fix than networks like Bitcoin [2].
[1] https://assets.publishing.service.gov.uk/government/uploads/...
[2] https://old.reddit.com/r/pics/comments/qeoyak/jeff_bezos_sup...