It's astounding how much concern there is about the relatively(!) small impact of bitcoin mining on the environment while we have immense adverse effects on the global environment from things like cargo ships without so much as a peep from anyone.
How do you expect to solve the bitcoin problem? Stop mining?
> At least the utility of cargo ships is pretty tangible
Is it? I've heard that cargo ships are a bubble. They are used only by drug dealers and money launderers. There is no utility of a cargo ship and people who invest in cargo ships are doing that because they believe they will be millionaires. Lol, like moving stuff between places could be worth money!
> things like cargo ships without so much as a peep from anyone
Do you have any idea how much debate and research there is in the shipping industry to reduce the environmental impact? Meanwhile in the Bitcoin community, apparently no one reads anything other than crypto news and white papers.
Bitcoin market is overall a very new market. If you do analysis, it looks a lot like fiat market at the time when there was no computers. There is a flat simple reason. Most of the cryptocurrency market just doesn't have enough education in finance. Not even enough to know what is "bulls and bears", and why putting attention on major news source to things like "bitcoin has terrific environmental impact", "bitcoin is a Ponzi scheme" and "the rapid increase of exchange rate is due to some scheme with Tether that we won't properly explain to you" is a hugely profitable thing.
How do you expect to solve the bitcoin problem? Stop mining?