On: Why banks are suddenly closing down customer accou...

[MrVandemar]

> on balance detrimental to society relatively recently

Let's not forget Crypto mining has a not insignificant energy footprint, and is a driver of climate change. Really, detrimental to society from the get-go.

[hanniabu → MrVandemar]

Ethereum doesn't use mining and is incredibly energy efficient, estimated at 0.0026 TWh/yr (1/100th of Paypal)

https://ethereum.org/en/energy-consumption/

[jdiff → hanniabu]

Paypal has far more than 100x the adoption of Ethereum

[hanniabu → jdiff]

Ethereum processes 6x more than PayPal

[jdiff → hanniabu]

That's... the kinda claim that begs a source and an air freshener.

[hanniabu → jdiff]

https://money-movers.info/

[JCharante → MrVandemar]

minting coins and printing bills has a huge energy footprint too

[ClumsyPilot → MrVandemar]

> Crypto mining has a not insignificant energy footprint

So do casinos and Las Vegas. Its basically the same thing