this post was submitted on 05 Jan 2022
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cryptocurrency

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Considering recent incidents on Mozilla and Ubisoft, why do people hate cryptocurrency so much?

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[–] [email protected] 6 points 3 years ago (5 children)

Because we're in a middle of a climate disaster and crypto wastes astounding amounts of energy. Bitcoin mining in particular consumes more energy than is used by entire countries. So, while there's nothing inherently wrong with the idea of digital currency, current implementations are an environmental disaster.

[–] [email protected] 2 points 3 years ago (1 children)

Ubisoft uses Tezos, which is not energy-hungry, so they may have other reasons to hate.

[–] [email protected] 4 points 3 years ago

I don't really have an issue with crypto solutions that are energy efficient. I do think the benefits of cryptocurrencies are largely overstated, but if people want to play with this stuff then who am I to judge. However, stuff like Bitcoin is causing real and serious harm in the real world, and that's a problem.

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