Liberal hatred for capitalism and the free market is taking a funny new turn towards dire warnings about Bitcoin destroying our planet.
Bitcoin, we now learn from “experts,” is a terrible thing which is causing global warming.
The site Digiconomist, which conducted a major survey of the energy use of bitcoin, found that one mine in China was using as much energy as a Boeing 747 to try and generate more of the increasingly valuable cryptocurrency.
According to some calculations, the process of mining Bitcoin now consumes more electricity than 159 countries, including Ireland and most countries in Africa.
If Bitcoin miners were a country they’d rank 61st in the world in terms of electricity consumption.
Liberals are deeply concerned about this. Here’s New Republic:
We only have 32 years left for carbon emissions to peak and then rapidly decrease, if our planet is to remain livable. We don’t have time or resources to waste on Bitcoin.
And from Vox:
If Bitcoin miners care about the environment a fraction as much as they care about profits, they should switch to cleaner electricity.
Liberals are great believers in the power of central banks and the “wisdom” of globalist economists.
So of course they don’t believe in crypto-currencies. Bitcoin is much more of a capitalist thing, believed in by people who value ideals like freedom and personal property.
And so liberals have missed out on the crypto-currency goldrush, leaving them to do what they always do when their delusional ideologies cause them to miss out on something great. They simply come up with any reason to say “I didn’t want that anyway and you shouldn’t either!”
Although, in this case they probably could have picked a better way to trash Bitcoin than with tying it to the bullshit idea of man-made global warming.