Friday, June 9, 2023

Environmental cost of cash

By DAC000 , in Bitcoin , at July 31, 2021 Tags:

compared to Bitcoin, as reported by FT based on research from Digiconomist. About a one minute read.

Comment: more FUD, likely written by someone who hasn’t bought any Bitcoin (yes, in my experience the most negative opinions about Bitcoin originate from people who never engaged). The article doesn’t consider the cost of the banking system as a whole, so really is comparing apples to oranges. Also doesn’t break out renewable energy driving mining. And as we’ve reported in the past on Fintech Flash News, there are green and even totally green Bitcoin miners.

All in all, a very sloppy and poorly research piece.