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Discussing BTCs energy consumption problems is not "FUD" and we would be taken more serious as a community if we wouldn't just dismiss all problems like that

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by COINS NEWS 316 Views

tl;dr: BTCs energy consumption is a problem. please stop trying to deny it, it doesn't help anyone.

I like crypto. I like this community. But what I really dislike a lot about it is, that it is awful with criticism. You bring up anything negative about any crypto that's not considered a shitcoin in here? That's gotta be FUD.

And sometimes it is, I'm sure. But in other cases, crypto has real problems - problems that can be solved, but not if we deny they exist. One example for this is Bitcoin's energy consumption, that has sparked a lot of discussion recently, fuelled even more by a tweet by a certain someone. I don't have any BTC but I like it and I'm not saying it's bad in general, absolutely not. But it's a fact, that it uses way too much energy. You know the numbers, more than Argentina. And this is a huge problem for the environment that should be addressed and tackled. My problem is: this sub tries everything to dismiss this fact, because nothing about crypto can be bad.

A few days ago, a post got about 7k upvotes on here, sharing an article that banks, this subs mortal enemy, consume 520% more energy than BTC. This sounds like an argument pro BTC - but honestly, only if you don't think about it for more than one minute. Like it or not (I know you don't!), but banks are currently still much, much more important than BTC and have much more "users" and transactions. As u/forthemotherrussia showed in a reply, there are more than 3,000 times as many credit card transactions than BTC transactions. 6 times as much energy for 3,000 times as many transaction, that's an awful number for BTC!!

But hey, some of you guys are sure it's just baseless FUD, so you find the weirdest reasons why it is. It's unfair to "diss Bitcoin because of its energy consumption" and to compare crypto to fiat (lol, as if you don't do that all the tame if it's advantageous for crypto); it's good that BTC uses so much energy, because it pushes the development of renewable energy (just like murder is good because it helps the police improve their skills catching murderers?); and dirty, non-renewable energy is a government problem, not a BTC problem - you know, those governments this sub usually hates so much and wants to take power away from are responsble for the problems crypto has (but please don't tax our crypto so you can do anything about it, thanks). Another popular post - that I fail to find - shared an article, that BTC mining was done with 75% renewable energy - a verifiably false claim, as shown here.

These are just some examples, I could go on. One of my "favorite" comments was this one by u/jot1132 : "I'm downvoting every article I see about bitcoin environmental bull. Just trying to demonize something helping people. [...] Everything is bad for the environment". Guys, with a mindset like this, with zero ability to even consider that something regarding crypto might be problematic, noone will take you seriously, and it really hinders adoption. Let's accept there are problems and try to work on them.

submitted by /u/_martinshkreli_
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