Cryptocurrencies’ Carbon Footprint Underestimated
There&#x27;s some good data here - that being said, even if the carbon footprint were literally zero, I couldn&#x27;t personally support cryptocurrency.<p>Fundamentally it&#x27;s the antithesis to democracy. Say whatever you will about all forms of government, but ultimately no matter the form, there&#x27;s some level of accountability. Some governments use elections to facilitate this, others use the threat of rulers being killed. One way or another, there&#x27;s accountability.<p>The fundamental political issue with cryptocurrency is now you&#x27;ve created some amorphous group of oligarchs whose power cannot be really removed by traditional means. It&#x27;s just a regression.<p>Even if what I&#x27;m saying doesn&#x27;t come to be, at a minimum you&#x27;ve introduced yet another layer to our financial systems for no benefit - our current system isn&#x27;t here by accident. It&#x27;s here due to learnings - learnings about human nature, markets, and so forth. Because cryptocurrency doesn&#x27;t exist in a vacuum, no matter what you&#x27;re either enriching early adopters, leading to what I described earlier; or you are subject to the same flaws as fiat that it&#x27;s trying to replace.