#LOLatBitcoin, #bitcoin is the ninth most valuable asset in the world, now requires nearly as much energy as the entire country of Argentina. The Bank of England had warned that cryptocurrency had “no intrinsic value” and claimed investors would lose supporters’ money. The Sierra Club study pointed out that if Bitcoin mining processes carry on the way they are, in 30 years’ time they could increase the world’s temperatures by 3.6 degrees Fahrenheit (two degrees Celcius). The environmental impact would be catastrophic.
AND “Bitcoin’s energy consumption has more than quadrupled since the beginning of its last peak in 2017 and it is set to get worse because energy inefficiency is built into bitcoin’s DNA,” Charles Hoskinson,
BUT… The cryptocurrency had previously hit record values with both ethereum (ether) and cardano (ADA) hitting all-time price highs.
Time to get back rigour in our thinking – no thinking happening here.
In terms of data collection it starts with simple HUMAN trigger – “that doesn’t seem right”
enjoy Tom
