Bitcoin is terrible and should be destroyed while it costs so much energy. If there was windmill powered bitcoin then bitcoin as much as you want.
Also, I associate bitcoin with douche-bags like Peter Schiff and that doesn’t help.
Edit: and the bitcoin miners who made sure buying new GPU’s in 2020 and parts of 2021 was impossible.
Norway all over.
The Norwegian state could be at the forefront of stopping and reversing global warming.
Nope.
You didn’t get it at all.
The Norway elites are all about: primping in public, fawning over each other, holier than thouing, too precious to have anything to do with dirt – except when it comes to doing dirt to life on the planet.
Norway, maybe instead of banning Bitcoin, you should ban Zara and H&M? It will at least make a difference.
Good luck to Norway
I dont get why you would ban a certain activity
Pretty fucking hypocritical when they won’t even consider stopping oil extraction. Just like Swedens humanitarian gestures while they produce the most arms in all of Europe almost.
Coal and oil mining are fine though
Does they have cap on how much electricity a company or person can use per month?
good
I’d rather like to see some sort of restriction on accepting crypto as payment. That is the only restriction that I can see making it a less viable asset, which would strike at the heart of the problem that cryptos are wildly inefficient and expensive to maintain.
Can do whatever they want…..bitcoin will continue working perfectly and miners will move to other jurisdictions….
Lower difficulty adjustment to the algorithm and more profit for the other miners.
China banning didn’t do anything to bitcoin, hash rate recovered in 2 months….. much less would do a miniscule country like Norway… Who cares if they do.
Hash rate can work from anywhere on the planet.
Sorry nocoiners, bitcoin is here to stay. Get used to it.
Love the hypocrisy.
Destroying the earth with oil extraction is very sustainable, tough.. ehh ?
It will probably mostly fuck big mining farms.
Long overdue, plus it’s a scam.
Don’t worry it will crash with Evergrande and China and become unprofitable again.
It’s obvious that Bitcoin mining consumption is a big concern. But I have a more nuanced view and I think we should take this subject with more perspective.
The current economic system is designed to function with a continuous growth or everything falls appart. Inflation must be kept above 1-2% in order to stimulate consumption, production of goods and investments. What is the envionmental cost of this frenetic pace that we strive to support?
With Bitcoin, the monetary supply is programmatically controled. There’s no artificial monetary stimulus, no trickery, no currency debasement. I am not an economist but this may be an opportunity to evaluate a concept of money that seems more sound.
But I recognize that it is a costly experiment.
Also, beyond Bitcoin, we must not neglect the DeFI and blockchain induced innovations – still relying on Bitcoin health, for the moment – that could save us a ton of paper, emails and administrative cost and infrastructure in the future. I’m thinking espacially of Smart Contracts.
More virtue signalling by a politician who doesn’t seem to know how energy or Bitcoin works.
Aker, a 180 year old norwegian energy company, is also betting big on Bitcoin through [www.seetee.io](https://www.seetee.io) in order to capture and monetize stranded renewable energy.
But let’s listen to some politician pushing POS/Fiat 2.0 coins.
I’m not sure on whether Bitcoin is good or bad or anything. Still on the fence about throwing some money in crypto. But… I did read a good argument that Bitcoin is in a sense good for the environment as it can act as an income source for power sources (of all kinds) in off-peak times. This way a generator can flip between selling to the grid or converting to bitcoin as needed and can make an overall project more profitable than without crypto mining. Quite interesting.
Good
LETS FUCKING GOOOOOOOOOO
I doubt that there are many btc miners in Europe, considering electricity bill. Not that before the pandemic thing were very much different. Most btc miners are in the us and asia. This is just a distraction from real energy problems that they don’t want to address.
100 years ago people thought painting radium to watches was a cool and nice thing and made factories for those having worker girls paint radium. Those girls were named radium girls and it is a example case of tragic lack of care or understanding of dangers.
Now same with Bitcoin. People just don’t care or understand how stupid and environmentally dangerous this whole “mining” shit is. 100 years later unfortunately they might study these days and would say look at these brain dead idiots that ruined our world for practically nothing.
LOL @ Norway being the 3rd largest exporter of natural gas in the world – behind RUSSIA and QATAR – but bleating about the environmental impact of bitcoin
BTC is bullshit and a total scam but that’s besides the point
How can they ban it? Simple. Tax it out of existence. Restrict its trade. The United States banned its citizens from trading GOLD, real gold, for like 40 years, so, maybe take your head out of your ass and sell your BTC before it’s too late
I wish everyone would, in a way. It’s extraordinarily wasteful.
25 comments
Bitcoin is terrible and should be destroyed while it costs so much energy. If there was windmill powered bitcoin then bitcoin as much as you want.
Also, I associate bitcoin with douche-bags like Peter Schiff and that doesn’t help.
Edit: and the bitcoin miners who made sure buying new GPU’s in 2020 and parts of 2021 was impossible.
Norway all over.
The Norwegian state could be at the forefront of stopping and reversing global warming.
Nope.
You didn’t get it at all.
The Norway elites are all about: primping in public, fawning over each other, holier than thouing, too precious to have anything to do with dirt – except when it comes to doing dirt to life on the planet.
How would you enforce that?
For some reasons, Bitcoin energy footprint is being overexaggerated again and again, even though it is globally quite small and self correcting since bitcoin minting is set to decline, lowering the reward for miners. Currently, after the mining left China, [Bitcoin contributes 0.1% of the global carbon emissions](https://markets.businessinsider.com/news/currencies/bitcoin-mining-09-total-global-emissions-2030-bullish-price-nydig-2021-9).
Meanwhile fashion industry with the notorious fast fashion of disposable clothes is responsible for [10% of carbon emissions](https://www.worldbank.org/en/news/feature/2019/09/23/costo-moda-medio-ambiente).
Norway, maybe instead of banning Bitcoin, you should ban Zara and H&M? It will at least make a difference.
Good luck to Norway
I dont get why you would ban a certain activity
Pretty fucking hypocritical when they won’t even consider stopping oil extraction. Just like Swedens humanitarian gestures while they produce the most arms in all of Europe almost.
Coal and oil mining are fine though
Does they have cap on how much electricity a company or person can use per month?
good
I’d rather like to see some sort of restriction on accepting crypto as payment. That is the only restriction that I can see making it a less viable asset, which would strike at the heart of the problem that cryptos are wildly inefficient and expensive to maintain.
Can do whatever they want…..bitcoin will continue working perfectly and miners will move to other jurisdictions….
Lower difficulty adjustment to the algorithm and more profit for the other miners.
China banning didn’t do anything to bitcoin, hash rate recovered in 2 months….. much less would do a miniscule country like Norway… Who cares if they do.
Hash rate can work from anywhere on the planet.
Sorry nocoiners, bitcoin is here to stay. Get used to it.
Love the hypocrisy.
Destroying the earth with oil extraction is very sustainable, tough.. ehh ?
It will probably mostly fuck big mining farms.
Long overdue, plus it’s a scam.
Don’t worry it will crash with Evergrande and China and become unprofitable again.
It’s obvious that Bitcoin mining consumption is a big concern. But I have a more nuanced view and I think we should take this subject with more perspective.
The current economic system is designed to function with a continuous growth or everything falls appart. Inflation must be kept above 1-2% in order to stimulate consumption, production of goods and investments. What is the envionmental cost of this frenetic pace that we strive to support?
With Bitcoin, the monetary supply is programmatically controled. There’s no artificial monetary stimulus, no trickery, no currency debasement. I am not an economist but this may be an opportunity to evaluate a concept of money that seems more sound.
But I recognize that it is a costly experiment.
Also, beyond Bitcoin, we must not neglect the DeFI and blockchain induced innovations – still relying on Bitcoin health, for the moment – that could save us a ton of paper, emails and administrative cost and infrastructure in the future. I’m thinking espacially of Smart Contracts.
More virtue signalling by a politician who doesn’t seem to know how energy or Bitcoin works.
Meanwhile Norwegian energy company Equinor is reducing methane emissions by mining Bitcoin. [https://www.nasdaq.com/articles/energy-giant-equinor-to-cut-gas-flaring-with-bitcoin-mining%3A-report-2020-08-28](https://www.nasdaq.com/articles/energy-giant-equinor-to-cut-gas-flaring-with-bitcoin-mining%3A-report-2020-08-28)
Aker, a 180 year old norwegian energy company, is also betting big on Bitcoin through [www.seetee.io](https://www.seetee.io) in order to capture and monetize stranded renewable energy.
But let’s listen to some politician pushing POS/Fiat 2.0 coins.
I’m not sure on whether Bitcoin is good or bad or anything. Still on the fence about throwing some money in crypto. But… I did read a good argument that Bitcoin is in a sense good for the environment as it can act as an income source for power sources (of all kinds) in off-peak times. This way a generator can flip between selling to the grid or converting to bitcoin as needed and can make an overall project more profitable than without crypto mining. Quite interesting.
Good
LETS FUCKING GOOOOOOOOOO
I doubt that there are many btc miners in Europe, considering electricity bill. Not that before the pandemic thing were very much different. Most btc miners are in the us and asia. This is just a distraction from real energy problems that they don’t want to address.
100 years ago people thought painting radium to watches was a cool and nice thing and made factories for those having worker girls paint radium. Those girls were named radium girls and it is a example case of tragic lack of care or understanding of dangers.
Now same with Bitcoin. People just don’t care or understand how stupid and environmentally dangerous this whole “mining” shit is. 100 years later unfortunately they might study these days and would say look at these brain dead idiots that ruined our world for practically nothing.
LOL @ Norway being the 3rd largest exporter of natural gas in the world – behind RUSSIA and QATAR – but bleating about the environmental impact of bitcoin
BTC is bullshit and a total scam but that’s besides the point
How can they ban it? Simple. Tax it out of existence. Restrict its trade. The United States banned its citizens from trading GOLD, real gold, for like 40 years, so, maybe take your head out of your ass and sell your BTC before it’s too late
I wish everyone would, in a way. It’s extraordinarily wasteful.