How Bitcoin is KILLING the Planet (and may Kill us all)!

So everyone loves bitcoin right? Well, the planet. Bitcoin is single-handedly one of the world's most energy intensive currencies. Just one transaction uses more energy than a 600k visa transaction and has the same carbon footprint as 85,000 hours of watching youtube, or what a 15-year-old calls a normal weekend. Bitcoin today is barely used as a currency, but the transactions already use more energy than Netflix, Apple, Facebook, Microsoft, and Google combined.

If only 10% of the world’s monetary transactions were done on bitcoin that would use as much electricity as the US and China combined or the same as every country in the world minus China and the US. The same energy consumption as 193 countries representing nearly 6 billion people, all for only 10% of transactions.

There is some bright side to all this. Etherum already uses less than 10% the energy per transaction as bitcoin, and it’s founder, Vitalki Buterin, is confident he’ll soon be able to drop the ornery consumption to 1/10,000th the current requirement which would bring it in line with credit card transactions. Whether or not they can pull this off remains to be seen.

But until crypto turns the planet into a blazing inferno, dogecoin to the moon amiright?