One of my friends refuses to invest in crypto because she denounces the impact on the environment. Might well explain that most of our current transactions are already digital and that printing more and more money is not 100% eco-friendly either, I was short on arguments to persuade her.
I can't deny that mining consumes a lot of energy and that the blockchain itself is a lot of data to store (correct me if I'm wrong), so how is it gonna be like when more and more ppl all over the world will buy crypto, start to pay with it, and mine massively? I know it's still the early beginning of the crypto democratization and that the machines efficiency is likely to improve, but she still makes a point, don't you think?
Bitcoin's carbon footprint is really tiny compared to cars, planes and other transport, and many other activities. The myth that Bitcoin would be an enviromental disaster was started by sensationalist clickbait articles that Bitcoin consumes more electricity than some country X. It becomes clear that it's just manipulation if you put that value next to world's power consumption or activities like gold mining/money printing. Won't be surprised if it will turn out that this FUD is sponsored by bankers.
