Comment on Meta shareholders overwhelmingly rejected a proposal to explore adding Bitcoin to the company's treasury, with less than 1% voting in favor of the measure

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echodot@feddit.uk ⁨3⁩ ⁨weeks⁩ ago

If bitcoin didn’t use 40 terawatts to mine and was more reasonable in its electricity demand then I don’t think that many people would care about it. It still wouldn’t make it useful but at least it wouldn’t be actively damaging the environment.

We might even be able to find a use for it at that point. But as it stands now the energy requirements essentially make the technology not worth it given the very minor benefits.

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