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RE: Bitcoin and cryptocurrencies are great for the environment! Don't believe the mainstream media!
it costs $1000 of electricty to create / mine 1 bitcoin, so it is not as green as you think.. but if you are mining with wind or solar power then yer it is as green as you can get..
If Bitcoin indeed is an alternative currency free of the extablished currency system, then people should not be thinking or talking about it's exchange rate against the US dollar or any establishment currency.
Anyway, there have been many alternatives to establishment lifestyle, economics, society, etc adbocated over the past decades or even centuries but what have they done to really make the world a better place for all?
In the 1960s, the hippies thought that they could create a cooperative, collectivist community - an alternative society based on love, peace and music and lead to a paradise on earth but is our world today any better than back in the 1960s?
Dr. Stallman himself laid the foundation for free and open source software governed by the GNU General Public License which he drafted and today, it's estimated that there are over 3,000 Linux distributions providing for huge number of choices but Microsoft Windows still has over 90% share of end-user PC operating systems - why?
I've been using Linux on my PCs for about five years now and I don't ever want to go back to Windows but at the same time realise that whilst a monority of us enjoy its benefits, not everyone will take to it, so I'll just have to be content with being a happey Linux camper.
Bitcoin may solve some people's problems with purchases, payments, as an investment, store of value, etc but it's not going to bring down the establishment financial system, eradicate powerty or bring world peace.
Also, considering that as the number of Bitcoins created increases towards the 21 million Bitcoins limit, mining them will require increasingly powerful computers which most peoplecannot afford, so it is no social leveler.
If we want a permanent change, it will require a drastic change in the establishment financial system, not an alternative currency.
Such revolutions have happened before and long before there was the Internet.
Those changes were the American War of Tndependence, the French Revolution and the Russian Revolution an dthey were won by the tip of the sword or the barrel of the gun.
That little?