Bitcoin

BTC is in such a precarious situation. I speculate that the majority here doesn’t like it because it’s not very green, and it seems political because it’s tied to so many bad actors like the jumping fat Tesla guy that pump and dump.

Bitcoin is apolitical and decentralised peer-to-peer “cash”. It’s a commodity in my perspective. A commodity that can’t be censored, seized, frozen, or controlled. Money where you have complete and total authority over it, without any intermediaries or despotic governments inflating and debasing it. Sure, governments can try civil forfeiture or imprisonment if you don’t cough up your seed to them. But knowing that you have hard money with an asymptotic cap of 21 million coins that can’t be inflated, where the rules are a part of the protocol and enforced by every node participating in the network? That seems pretty cool to me.

Over time, I hope that BTC can become more green. I hope we push for more initiatives and policies to be green. I hope the small time decentralised miners and node operators can run their stuff on green energy where they can. Despite how much energy BTC consumes (and it’s incredibly impactful of the environment and significantly contributing to climate change), it’s nowhere close to the monumental energy impact of running fiat currency globally.

Finally I believe that a lot of persons in the Fediverse probably appreciate to an extent that Bitcoin is decentralised. However, the climate change issue is very serious. What good is hard, decentralised, apolitical money free from intermediaries, if society crumbles and we’ve massively killed plant, animal, human life, etc.? I can’t eat my Bitcoin when we’re fighting for water.

I’m on the fence with Bitcoin. I can see the value of it, but the ecological impacts right now are too great for me to commit. We don’t exactly have governments enforcing corporations to move to green, especially with the convicted felon rapist with tiny hands assuming control in a few weeks.