Bitcoin is an absurd energy vampire whose primary use case is asset speculation barely one step removed from gambling.
It has no business being part of the portfolio of anyone who cares about climate change or the environment.
It has no business being part of the portfolio of anyone who cares about climate change or the environment.
Each transaction recorded to Bitcoin's distributed ledger currently uses ~640 kWh of electricity, or roughly the amount needed to drive a Tesla 2,200 miles (3,500 km).
Bitcoin's baked-in inefficiencies that make it bad for anyone concerned about climate.
Bitcoin's baked-in inefficiencies that make it bad for anyone concerned about climate.
Just to be clear, I'm not categorically opposed to digital currencies.
But, if one is going to adopt a digital currency, it shouldn't just be the first one to come along. It should be fit for purpose.
Bitcoin's design makes it a poor choice for widespread use.
But, if one is going to adopt a digital currency, it shouldn't just be the first one to come along. It should be fit for purpose.
Bitcoin's design makes it a poor choice for widespread use.