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Bitcoin is great for the environment in the long run (lemmy.world)
submitted 1 year ago by to c/unpopularopinion@lemmy.world
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Bitcoin wastes a lot of energy. I agree. It is basically a mechanism to turn energy into something analogous to money.

However, people do not generally live where there is a lot of potential to generate green energy. Wind, solar, geothermal, nuclear all generally work best far away from heavily populated areas (this is not always the case). Additionally, wind + solar are highly variable.

Per unit of energy renewable energy will always be more cost effective than fossil fuels in the long run, but there is a high fixed cost at present.

The more sources that can consume energy in remote areas the more incentives there are to build renewable energy sources.

Thus cryptocurrencies like bitcoin are a net positive for building green energy sources in the long term.

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[–] 1 point 1 year ago (1 child)

So, your logic is that generating more energy demand will create more incentive for green energy..?

Have you ever worked for an oil company, even as a simple oil change pit worker?

Them oil companies couldn't give a flying fuck less about the environment, and they actively fight against green energy.

Disclaimer: I only worked for an oil company for about 5 months, back in 2005, and I do not approve of big oil trying to smother green energy technology.

Regardless, that's unfortunately how shit still works.

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