Bitcoin Forum

Environment Proponents Deeply Enjoy Observing Crypto Market Recession

News of Bitcoin’s decline turned out to be positive for one particular group of people. Anti-crypto activists, who promote conservation of healthy environmental conditions, are glad to know that Bitcoin is becoming worthless and will soon disappear.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/environment-proponents-enjoy-crypto-market-recession/

https://coinidol.com/upload/resize_cache/iblock/398/900_900_1/398e46d62f68ac4c2b1614f1760e728c.jpg

poor "environmental activists" aka paid moneybag shills
are in for a serious disappointment- bitcoin is neither dead nor dying in the foreseeable future
they should focus on giving hardtime to the countries or enterprises the big daddy points them to rather than attacking bitcoin
so out of the all oil drilling, co2 emission etc. they found bitcoin mining ventures too damaging to environment?

First of all, they are absolutely wrong in assuming that this bear market would have any real effects on bitcoin in the long term. Bitcoin has experienced several bear markets before, and it's normal across all asset classes. It's only something short term, and won't really extend beyond that.

Also, I think that these people are misinformed about bitcoin, probably hasn't even bothered to research in depth into the concepts underlying bitcoin, and using "environmental activism" as a way to push their stance.

I think Hydrogen has already debunked this "bitcoin is bad for the environment" myth in one of his posts. The fact of the matter is that it doesn't matter whether bitcoin mining is taking up x amount of energy, as long as the energy is sustainably sourced, it doesn't matter. Besides, excess generated energy would have gone to waste anyways. Also, bitcoin's not just wasting the energy. It's using it for a purpose - and probably more efficiently than gold mining, bill printing, etc.