LogFAQs > #950496808

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Topic	Stock Topic 21
HeroicCrono 02/10/21 4:28:50 PM #185:	masterplum posted... Saw this today: .3% of all human energy consumption goes to mining Bitcoin. Since almost all electricity generation worldwide releases carbon dioxide as a byproduct, this means that, in effect: One bitcoin transaction releases 272 kilograms of carbon dioxide into the atmosphere Going to be honest guys, if Bitcoin doesnt implode on itself its eventually going to be made illegal We are probably going to have ways to cheaply generate energy without fossil fuels soon. Once the cost of power generation using those methods is lower than via fossil fuels, the oil industry dies. The market sees the writing on the wall - that's why oil stocks are so low right now. --- This is Red Sox 777 on a mobile phone. <cite>HeroicCrono posted [p:950496808] in Stock Topi... [t:79286456]...</cite> <quote>masterplum posted... </cite> <quote>Saw this today: .3% of all human energy consumption goes to mining Bitcoin. Since almost all electricity generation worldwide releases carbon dioxide as a byproduct, this means that, in effect: One bitcoin transaction releases 272 kilograms of carbon dioxide into the atmosphere Going to be honest guys, if Bitcoin doesnt implode on itself its eventually going to be made illegal</quote> We are probably going to have ways to cheaply generate energy without fossil fuels soon. Once the cost of power generation using those methods is lower than via fossil fuels, the oil industry dies. The market sees the writing on the wall - that's why oil stocks are so low right now. --- This is Red Sox 777 on a mobile phone.</quote> ... Copied to Clipboard!
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