Remix.run Logo
blenklo 7 hours ago

And they also make their place they live and the rest of the planet a tiny bit worse due to the energy consumption of bitcoin, if they support bitcoin in any form even with lightning.

A question though: How do they exchange their crypto into local fiat?

derangedHorse 10 minutes ago | parent | next [-]

> they also make their place they live and the rest of the planet a tiny bit worse due to the energy consumption

Energy consumption isn't the problem. It's how the energy is generated that is relevant to planetary health, and even then, whose to say the tradeoff isn't worth it. Crypto mining is estimated to take up 3% at most which means 97% is spent on other things. What makes this other 97% more worthy of this energy than crypto mining? The fact you don't see it as valuable?

Also many mining operations take advantage of stranded energy, so energy that would go to waste if not used for on-site mining.

skybrian an hour ago | parent | prev [-]

They’re more likely to use a stablecoin and those don’t use Bitcoin.

blenklo 44 minutes ago | parent [-]

I checked the internet and it seems el salvador uses bitcoin while in lebanon there is a mix of bitcoin + Lightning and Tether.

Tether is investing in US Bonds but 10% seem to be Bitcoin.