The whole notion of calling it “mining” makes it clear that it’s been goldbugs who have supported and defended BitCoin from it’s creation, and that the Venn Diagram between Silicon Valley technologists and frothing libertarians is very, very overlapping.
And they have the same libertarian “well what does it matter to me?” attitude about the environmental effects that BitCoin has. Each BitCoin already is responsible for over 1.5 tons of CO2. Four BitCoins is an entire household’s annual electrical consumption. And this will get worse the more are mined. (Amazing that they managed to find a way to make digital mining even worse than real gold mining.)
I’m all for alternative currencies – or, better, alternatives to money – but BitCoin is unsustainable.
