Bitcoin is great for the environment in the long run (lemmy.world)

submitted 2 days ago by [email protected] to c/[email protected]

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Bitcoin wastes a lot of energy. I agree. It is basically a mechanism to turn energy into something analogous to money.

However, people do not generally live where there is a lot of potential to generate green energy. Wind, solar, geothermal, nuclear all generally work best far away from heavily populated areas (this is not always the case). Additionally, wind + solar are highly variable.

Per unit of energy renewable energy will always be more cost effective than fossil fuels in the long run, but there is a high fixed cost at present.

The more sources that can consume energy in remote areas the more incentives there are to build renewable energy sources.

Thus cryptocurrencies like bitcoin are a net positive for building green energy sources in the long term.

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[-] [email protected] 3 points 2 days ago

Damn, homie just tossed the blank meme image, and it totally fits without words!

👍

this post was submitted on 25 Jul 2025

6 points (100.0% liked)

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