Congress to have hearing on Bitcoin’s energy use….oh boy….what kind of demonization, demagoguery and misinformation will this entail??? : Bitcoin

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Congress to have hearing on Bitcoin’s energy use….oh boy….what kind of demonization, demagoguery and misinformation will this entail??? : Bitcoin


The whole ‘wasting energy’ argument seems like a bit distractionary (if that’s even a word).

We’re content using tons of energy mining the planet to haul gold, diamonds and other precious metals and gems out of it. Nevermind all the water that’s polluted as a result of mining operations. No one seems to be making a big deal of those activities, largely to create a store of value.

I get that there’s a case for PoW being wasteful but it’s probably largely overblown and glosses over all the other harmful crap that humans are doing.



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