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RT @JoanieLemercier@twitter.com

This is the largest machine on Earth.
It's built with the expertise & support of @autodesk@twitter.com.
It produces up to 480 000 Tons of CO2.
In a single day.

🐦🔗: twitter.com/JoanieLemercier/st

@stevenroose @Joanie
it is mining coal to be burned to produce electricity to be mostly wasted for things that aren't needed but for making profit.
In that sense it has something to do with bitcoin.

@hambibleibt
I was more alluring about people always complaining that Bitcoin uses a lot of electricity and is thus very had for the environment. I don't agree with the argument but we can have a laugh, can't we?
@Joanie

@hambibleibt And to be honest when I made the reply, I imagined you'd probably make a comment on the irrelevance of the Bitcoin mention 🤣
@Joanie

@stevenroose
#capitalism isn't something to laugh about unless you're on the winning side as you are.
For the most it means being exploided so that others profit from it.
It means a society that organizes its production after the logic of profit rather then needs, and by that is causing a lot environmental destruction incl. the climate.

It is a threat to our future, not a joke.
What do you have to offer preventing/countering that from happening?

@hambibleibt
Are you talking about the mine or about Bitcoin?
I understood you don't understand the proposition if Bitcoin. It's an attempt to undermine the very system that causes all the things you just described. The western debt-based financial system inherently encourages financial inequality with rich corporations and individuals growing richer at the cost of the poor that can barely live off their full-time jobs.

@hambibleibt
#Bitcoin provides an essential building-block to build a different financial system. One where money is not controlled by the wealthy as a tool to increase their wealth further. But one where money is neutral and all have equal opportunities.
In a Bitcoin-based economy one can no longer earn money just by being rich, but only by being productive and adding value to the world. This inherently benefits financial #equality.

@hambibleibt
And to address your environmental concerns, two-fold:
(1) The #Bitcoin energy impact is small. Small in real terms because it's dynamic nature makes that it will always consume the cheapest available energy, which is usually renewable or waste energy. But especially in relative terms if compared with all the costs of maintaining our fiat- and debt-based economy. The cost of managing cash, running banks, central banks, holding monetary policy meetings...

@hambibleibt
(2) A #Bitcoin economy encourages work and productivity over rent-seeking and over-investment. This will inevitable slow down consumerism and over-production of unnecessary goods. It will also reduce the power that giant energy companies have over governments, banks and investment funds which will take away their ability to delay a shift to more renewable energy.

@hambibleibt
These are just the tip of the iceberg if we would go back to a system where money is a neutral tool free of curruption of power. Merely a 100 years ago, all western countries were still on the gold standard and we had a situation like that which caused a period of incredible prosperity growth called the Belle Epoque.
#Bitcoin has all of the positive properties gold has (hard to produce) and fixes the negative properties (hard to subdivide, hard to transport).

@hambibleibt
So please don't tell me I'm here for the profit. If I lost all my #bitcoin today, I'd be telling you the exact same thing tomorrow.

discourse about capitalism, bitcoin and climate crisis 

discourse about capitalism, bitcoin and climate crisis 

discourse about capitalism, bitcoin and climate crisis 

discourse about capitalism, bitcoin and climate crisis 

discourse about capitalism, bitcoin and climate crisis 

discourse about capitalism, bitcoin and climate crisis 

discourse about capitalism, bitcoin and climate crisis 

discourse about capitalism, bitcoin and climate crisis 

discourse about capitalism, bitcoin and climate crisis 

@hambibleibt I literally gave the reason why Bitcoin is not a pyramid scheme. Wikipedia definition: "A pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products."
Like I said in my previous post, Bitcoin is nothing like that. There is finite supply that can be bought with money. The amount of people you convince to do the same is irrelevant.

discourse about capitalism, bitcoin and climate crisis 

@hambibleibt I'm glad you mention colonialism and gold. It's another aspect in which #Bitcoin is better than #gold. The initial distribution of gold indeed took place through exploitation of political power. Bitcoin's initial distribution was is totally politically neutral and open process in which every individual on the planet had equal opportunity.

discourse about capitalism, bitcoin and climate crisis 

discourse about capitalism, bitcoin and climate crisis 

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