HomeUploadUpload DirectHotlinkRandomAbouttheme toggle
Expand

The Fake Environmentalist Attack on Bitcoin

Views:1089
@ReasonVids

By now, you've probably heard the environmentalist knock on bitcoin, including apocalyptic claims that it will use up all of the world's energy and will single-handedly increase global temperatures until the planet is uninhabitable.
------------------
Subscribe to our YouTube channel: https://www.youtube.com/ReasonTV?subconfirmation=1
Like us on Facebook: https://www.facebook.com/Reason.Magazine/
Follow us on Twitter: https://twitter.com/reason

Reason is the planet's leading source of news, politics, and culture from a libertarian perspective. Go to reason.com for a point of view you won't get from legacy media and old left-right opinion magazines.
----------------
"Cryptocurrencies like bitcoin are terrible for the environment," declares Sen. Elizabeth Warren (D-Mass.). "It's an extremely inefficient way of conducting transactions," pronounces former Federal Reserve Chair and current Treasury Secretary Janet Yellen. "It's a way to both hide dirty money and destroy the environment at the same time," says Daily Show host Trevor Noah.

Such environmentalist attacks on bitcoin are best understood as a strategy by economic, media, and political elites to undermine a powerful new form of money that they can't control. Critics distort the basic facts about what's known as bitcoin "mining," the process through which a global network of computers maintain the bitcoin network through computation. Though energy intensive, this process is what makes bitcoin a truly decentralized monetary system. 

Photo Credits: Photo by Bermix Studio on Unsplash; Photo by Matt Palmer on Unsplash; Photo by Patrick Hendry on Unsplash; Imagine China/Newscom; Photo by Matt Palmer on Unsplash; Imagine China/Newscom; Photo by Tim Mossholder on Unsplash; Camilo Freedman/SOPA Images/Si/Newscom; Matt McClain/Pool Xinhua News Agency/Newscom; Camilo Freedman/ZUMAPRESS/Newscom; Photo by Blake Wheeler on Unsplash; MING DE/FEATURECHINA/Newscom; Camilo Freedman/ZUMAPRESS/Newscom; Rodrigo Sura/EFE/Newscom; Kyodo/Newscom; MING DE/FEATURECHINA/Newscom; Photo by Matt Palmer on Unsplash; Rafael Ben-Ari/Chameleons Eye; joe sohm/Joe Sohm/Visions of America/Universal Images Group/Newscom; Rafael Ben-Ari/Chameleons Eye; Jon G. Fuller/VWPics/Newscom; Photo by Raisa Milova on Unsplash; Photo by Sava Bobov on Unsplash; Yuri Smityuk/TASS/Newscom; Monty Rakusen/ZUMAPRESS/Newscom; Mirko Tobias Schäfer, CC BY 2.0, via Wikimedia Commons; Federalreserve, Public domain, via Wikimedia Commons; Ron Adar/M10s/MEGA/Newscom; Beata Zawrzel/ZUMA Press/Newscom; Ingram Publishing/Newscom; Photo by Katie Moum on Unsplash; BugWarp, CC0, via Wikimedia Commons; Beata Zawrzel/ZUMAPRESS/Newscom; Kyodo/Newscom; Camilo Freedman/SOPA Images/Si/Newscom; Beata Zawrzel/ZUMAPRESS/Newscom; Budrul Chukrut/ZUMAPRESS/Newscom; Camilo Freedman/SOPA Images/Si/Newscom; Camilo Freedman/ZUMAPRESS/Newscom; RAFAEL BEN ARI/Rafael Ben Ari/Newscom; imageBROKER/Markus Mainka/Newscoms; Federalreserve, Public domain, via Wikimedia Commons; Human Rights Foundatuon; Niccarter.info; Camilo Freedman/SOPA Images/Si/Newscom; Gage Skidmore from Peoria, AZ, United States of America, CC BY-SA 2.0, via Wikimedia Commons; Terry Ballard from Merrick, New York, USA, CC BY 2.0, via Wikimedia Commons

Music credits: Vuelta al Sol, by Tomas Novoa via Artlist.io; "Lyke the Robot," by Out of Flux via Artlist.io

Footage Credit: Jim Epstein and Noor Greene

Produced by Regan Taylor; graphics by Isaac Reese; audio post-production by Ian Keyser

libertarian
,
reason magazine
,
reason.com
,
reason.tv
,
reasontv
    Thumbnail for Was It a Lab Leak? The Mysterious Origin of COVID-1921:23
    Was It a Lab Leak? The Mysterious Origin of COVID-19
    ReasonVids
    1043 views
    Thumbnail for No wonder this whore got so famous 0:57
    No wonder this whore got so famous
    bestofupgoat
    204 views
    Thumbnail for crikey1:52
    crikey
    bestofupgoat
    248 views
    Thumbnail for You Don't Even Know How Long We Waited For It3:59
    You Don't Even Know How Long We Waited For It
    bestofvoatxyz
    826 views
    Thumbnail for But then ... Hefest got this run | Shinyeyes0:24
    But then ... Hefest got this run | Shinyeyes
    invidious
    114 views
    Thumbnail for Tucker Carlson calls out White Genocide by name and by jewish action0:54
    Tucker Carlson calls out White Genocide by name and by jewish action
    AOUisgay
    511 views
    Thumbnail for Unity 2D Magnet / AoE Pickup Collectibles | BMo7:50
    Unity 2D Magnet / AoE Pickup Collectibles | BMo
    tech.topic
    759 views
    Thumbnail for The Bronswik Affair – mockumentary24:19
    The Bronswik Affair – mockumentary
    bestofvoatxyz
    571 views
    Thumbnail for There ain't no such thing as a "free" tier | Fireship3:29
    There ain't no such thing as a "free" tier | Fireship
    invidious
    347 views
    Thumbnail for South Park - Niggers ⧸ Naggers1:39
    South Park - Niggers ⧸ Naggers
    AOUisgay
    584 views
    Thumbnail for MARBLE Race Chooses My Fate! - Marble World | Dapper14:48
    MARBLE Race Chooses My Fate! - Marble World | Dapper
    invidious
    482 views
    Thumbnail for Doom II: Sunlust - MAP19: Blood Geometry (Ultra-Violence 100%) | decino14:25
    Doom II: Sunlust - MAP19: Blood Geometry (Ultra-Violence 100%) | decino
    doom.topic
    401 views
    Thumbnail for What if… Booze was Named for Its Effects? | Popp Culture21:25
    What if… Booze was Named for Its Effects? | Popp Culture
    Terrence Popp
    683 views
    Thumbnail for Full Version of Shawn Nee Detainment by Los Angeles Sheriff's Department Deputies26:42
    Full Version of Shawn Nee Detainment by Los Angeles Sheriff's Department Deputies
    ReasonVids
    881 views
    Thumbnail for Princess Sally Acorn24:30
    Princess Sally Acorn
    mknezz109
    151 views
    Thumbnail for Olympics opening ceremony 1:10
    Olympics opening ceremony
    bestofupgoat
    247 views
    Thumbnail for This One Question at RFK Jr.'s Confirmation Hearing Is Everything Wrong with Our Congress | Truthstream Media11:56
    This One Question at RFK Jr.'s Confirmation Hearing Is Everything Wrong with Our Congress | Truthstream Media
    invidious
    115 views
    Thumbnail for MORTAL KOMBAT 1 STORY MODE ENDING / FINAL BOSS - Walkthrough Gameplay Part 13 (MK1 2023) | theRadBrad28:44
    MORTAL KOMBAT 1 STORY MODE ENDING / FINAL BOSS - Walkthrough Gameplay Part 13 (MK1 2023) | theRadBrad
    invidious
    364 views
    Thumbnail for ‘You’re in an Authoritarian State. You Just Don’t Know It.’6:35
    ‘You’re in an Authoritarian State. You Just Don’t Know It.’
    ReasonVids
    867 views
    Thumbnail for Redneck Sous Vide | How to Reverse Sear a Steak | Mad Scientist BBQ | Mad Scientist BBQ17:11
    Redneck Sous Vide | How to Reverse Sear a Steak | Mad Scientist BBQ | Mad Scientist BBQ
    invidious
    386 views
    Thumbnail for The fat kid that liked wario a little too much | Dumbums1:34
    The fat kid that liked wario a little too much | Dumbums
    invidious
    384 views
    Thumbnail for Jurassic World Chaos Theory | Season 2 Trailer | Netflix1:26
    Jurassic World Chaos Theory | Season 2 Trailer | Netflix
    invidious
    243 views
    Thumbnail for [특보] 최상목, 마은혁 임명 미룰 수 있나…헌재, '마은혁 미임명' 권한쟁의심판 내일 선고 / 연합뉴스TV (YonhapnewsTV) | 연합뉴스TV5:43:55
    [특보] 최상목, 마은혁 임명 미룰 수 있나…헌재, '마은혁 미임명' 권한쟁의심판 내일 선고 / 연합뉴스TV (YonhapnewsTV) | 연합뉴스TV
    invidious
    111 views
    Thumbnail for Gov. Gary Johnson: Cut Spending by 43% - and Cut Social Issues from GOP Agenda3:53
    Gov. Gary Johnson: Cut Spending by 43% - and Cut Social Issues from GOP Agenda
    ReasonVids
    960 views

points

Permalink
Reply
libertarian
,
reason magazine
,
reason.com
,
reason.tv
,
reasontv
TOS  •  Add Keywords  •  Donate  •   Analytics  •   DMCA  •   Puzzle