stonerboner

Ok, techbro lmao. Crypto using more fossil fuels in 2020 than AI will three years from now is a heck of a hill to die on.

So any other fiat currency not your own is not real?

No, any currency that is not widely accepted and is not able to be used to pay for necessities is not a real currency. Fiat currency is government issued. Crypto is in no way a fiat currency.

If you end up with “real” money, where’s the scam?

Let’s see… extreme volatility, lack of regulation, lack of consumer protection, the fact that many ICO’s have turned out to be scams really points to crypto being a scam. Not to mention that whatever profit you think you made in no way offsets the damage to the Earth from using more non-renewable energy than even AI (which is saying A LOT).

Got evidence to support that? Sure, you can also confirm with 30 seconds of Duck Duck Go.

Bitcoin- 173.42 terawatt-hours used in 2020-2021. It has increased since then.

UN Study: https://unu.edu/press-release/un-study-reveals-hidden-environmental-impacts-bitcoin-carbon-not-only-harmful-product

AI is estimated to ramp up to using 134 terawatt-hours by 2027. This means they use much less than that now, and are estimated to be below 2020’s bitcoin power consumption after ramping up for 3 more years.

Study, paywalled but with sources listed:

https://www.cell.com/joule/abstract/S2542-4351(23)00365-3?_returnURL=https%3A%2F%2Flinkinghub.elsevier.com%2Fretrieve%2Fpii%2FS2542435123003653%3Fshowall%3Dtrue

Bitcoin also uses over 60% non-renewable resources compared to AI which much more heavily leans into renewable in data centers. It’s not even a contest, crypto is extremely bad for the environment.

Oh, are you talking about the insanely high non-renewable energy used to mine coin and distribute, which is way beyond even AI?

Because I think it’s pretty evident that the coin halving heavily impacts our environment as it now takes twice as much energy to create the same value.

Actually giving a shit about the Earth 101 for ya.

Ah, making a mistake is spouting misinformation. I see you love hyperbole! I’ll be sure to tell my high school students when they get quiz question wrong their answers are misinformation because they didn’t study. See, I like hyperbole, too

If I can’t buy groceries, pay rent or medical bills with it, it’s in not a real currency. If I can’t bail myself out with it, it’s not a real currency. But sure, somehow paying money to get faux money that can’t really practically pay for my needs, and then needs to be reconverted to real currency to take care of my needs is somehow not a scam.

Also, I’m sure you’re super cool with the insane non-renewable energy cost of bitcoin mining and distribution. It far outweighs the energy cost of AI that everyone is complaining about.

Ah, so the people creating essentially get paid half for the same amount of work. That’s WAY better lol. Yeah, I’m not super into knowing so much about faux currency. I tend to deal with the real kind. So please pardon my mistake 🙏

What, you mean I read a headline and repeated it in the wrong context? Damnit. I totally should have wasted 20 minutes reading further about a faux currency that I can’t even buy groceries with

I mean, I don’t think accepting crypto would make or break any organization beyond a niche mom and pop operation. If they would die without accepting crypto, they are likely not going to be saved by it. I doubt there are many people, especially in the USA, who would or could only donate via that option.

In my personal opinion, crypto IS a scam and every organization would be best served dealing in real currency.

Probably because the overwhelming majority of people see crypto as a scam, and the market share for its use is trivial and better facilitated by actual currency. As well, it’s extremely volatile and the flagship coin recently halfed itself. It’s probably one of the worst things a company can accept in exchange for goods or services.