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Gerry McGovern (gerrymcgovern@mastodon.green)'s status on Thursday, 31-Jul-2025 23:37:54 JST Gerry McGovern

Bitcoin is pure, pure evil
"Critics warn that bitcoin is becoming a multitrillion-dollar marketplace built on greed, wild speculation and criminality."
https://news.mongabay.com/2025/06/bitcoin-boom-comes-with-huge-intensifying-environmental-footprint/
"For all the excitement about the electricity-intensive proof-of-work protocol used by Bitcoin giving way to the more frugal proof-of-stake principles used by Ethereum, the computing power being used to mine Bitcoin is currently roughly three times what it was two years ago."
https://www.bloomberg.com/opinion/articles/2025-07-30/bitcoin-devours-the-electricity-meant-for-the-world-s-poor
In conversation about 3 days ago from mastodon.green permalink
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1. Domain not in remote thumbnail source whitelist: imgs.mongabay.com
  
  Bitcoin boom comes with huge intensifying environmental footprint
  
  from Glenn Scherer
  
  While much has been written about bitcoin, many people still find it a hard topic to comprehend, even as promoters like U.S. President Donald Trump rave about it being a revolutionary digital currency that will rapidly replace hard currency. However, unlike money, there’s currently no bank or government to back up, insure and regulate bitcoin, […]
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