this post was submitted on 21 Feb 2024
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A Bitcoin investor was recently scammed out of 9 Bitcoin (worth around $490K) in a fake “Exodus wallet” desktop application for Linux, published in the Canonical Snap Store. This isn’t the first time; if nothing changes, it likely won’t be the last.

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[–] Honytawk@lemmy.zip 8 points 8 months ago* (last edited 8 months ago) (1 children)

If the energy used to mine is sustainably generated, there’s nothing BTC can do to hurt the environment

Except of course, use the sustainable energy that was otherwise used for actually useful things.

The real fundamental problem with crypto is of course that it is just going so great.

[–] teawrecks@sopuli.xyz -2 points 8 months ago

use the sustainable energy that was otherwise used for actually useful things.

But you could use that argument against literally anything you don't like.

Consider the situation where we live in a society where 100% of energy generated is sustainable. Now imagine the society faces a problem where 90% of that energy is being sold off to private citizens to use for whatever they choose, be that mining crypto, or space heaters (same thing, really) and as a result the society's infrastructure is left without enough energy (hospitals, emergency services, etc). What would you say the solution is in that situation?