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Feritio

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Nope that's just bullshit.

If you would price in co2 creation for no real value you would see that for society (most of us like 99,99999%) it's a net negative.

It also derails investment which would make more sense as the Bitcoin market is decoupled from the normal market.

The local smelter or papermill or any other energy intense industry has to play by totally other rules that Bitcoin.

The fact that they claim that they should down their miners is also not even proven and should make it very unrealistic.

Miners loose tremendous amount of money while not running. They can't afford to just not run for a long period.

And I have seen mining rigs in Texas who uses ac to cool down their shit.

They consume even more.

We start to be smart and accept that energy needs to be used for things helping people not gamblers.