I wouldn't say I like Elon Musk's opinions on miners.

0 58
Avatar for francis105d1
1 year ago

You know that Elon criticized Bitcoin miners in his past tweets, saying that they are a problem for the environment as if he was an environmental angel or saint of some kind. He is entitled to his opinion, which is just his opinion, and being rich doesn't make you right. It is authentic that miners use electricity, but that's only half the message.

You see, miners are just customers of the big plants that produce the electricity, and they are not in charge of making the electricity. It will be like saying Tesla cars use too much lousy electricity. So now, every single owner of a Tesla car must seek green energy and only buy electricity from green sources or any other electric vehicle. That will stop people from buying electric vehicles in the first place because now you will also have to produce your electricity or invest in green plants like solar and wind.

Meanwhile, the electric plant gets off the hook because electric car owners will solve the problem. Bitcoin miners are just customers of the electric plants, so if you want green energy, you should start by asking these electric plants to begin investing in renewable ways to produce electricity. Elon knows that Americans don't have time to research his words, but once you examine it a little bit, you will see that it is all a big lie with who knows what ends.

In the so-called third-world countries, whole countries use hydro and thermoelectric plants to produce renewable electricity and a green source of electricity. Minors would love to get their electricity from those sources. Still, it is not up to them to build those plants is up to the governments and private investors to do it. Just because you use electricity doesn't mean it is your responsibility to produce it from green sources.

Not to forget that electric cars use heavy metals in their batteries, and it is a problem trying to recycle those vehicles. And if you get your car too high in temperature, your vehicle may explode. Also, because of how Li-ion batteries work, you must be careful not to puncture your batteries, which can happen very quickly in a car accident. Wouldn't a Tesla car catching on fire also be a problem for the environment? If your vehicle is left in direct sunlight, your batteries could explode, which will be an environmental thing.

Many countries use renewable sources for electricity because they can't afford to burn fuel or gas to power their plants. Now I am not defending miners to only process around 100k to 300k transactions a day. That is a waste of electricity because you are not using enough transactions to justify electricity usage. Still, Bitcoin Cash doesn't have that problem because it can process many inputs and outputs with the same electricity used by Bitcoin BTC miners. If all miners switched to BCH, the Bitcoin network could be useless. If you move all transactions into BCH, you will know that you are using your electricity more efficiently because you are covering more people.

But it is not the responsibility of the miners to produce their energy. They are just customers of the power plants to produce electricity from green sources. Like my house, I buy my electricity from my electric utility company. It is their job to make energy, not mine. And if the whole society wants green energy, then governments should invest in it, and I don't need to change my behavior to please some environmental warrior. I am just a consumer. Want me to use solar? Make them dirt cheap, like so affordable that I can refuse them.

I think that the environmental thing is just another attack on cryptocurrencies. It won't surprise me if the elites consider banning peers from peering at currency this way. Saying that Bitcoin and all the crypto market is an environmental catastrophe and that you should all use either the next coin that a corporation gets out or a government digital coin, which we all know will mean slavery for all of us, is an attack. I think the elites are looking for excuses at this point to prevent decentralized digital currencies from taking over fiat currencies. And I do believe that sooner or later, we will hear of either a corporation coin, a government coin, or even a central bank coin.

4
$ 0.45
$ 0.43 from @TheRandomRewarder
$ 0.02 from @TheGuy
Sponsors of francis105d1
empty
empty
Avatar for francis105d1
1 year ago

Comments