Comment on Please Stop
EmperorHenry@discuss.tchncs.de 3 months ago
“crypto currency is a scam and it’s bad for the environment!..now excuse me, I have stocks to buy!”
Comment on Please Stop
EmperorHenry@discuss.tchncs.de 3 months ago
“crypto currency is a scam and it’s bad for the environment!..now excuse me, I have stocks to buy!”
shinratdr@lemmy.ca 3 months ago
Stocks are not bad for the environment the way crypto is bad for the environment. I’m not defending companies or the ethics of stock trading, but generating stocks doesn’t consume massive amounts of electricity. That’s like blaming money itself for environmental damage that spending it could theoretically cause.
There are so many legitimate arguments against publicly traded companies and capitalism in general, but this one just isn’t it.
EmperorHenry@discuss.tchncs.de 3 months ago
Those computers the stock market runs on must be generating electricity then…right?
shinratdr@lemmy.ca 3 months ago
Crypto isn’t traded via electricity burning computers? That’s news to me. I guess after coins are done burning electricity being minted people just trade them on paper.
Seriously though, all the examples you can think of apply equally to crypto, stocks and fiat currency. The only outlier is crypto, which wastes massive amounts of electricity to generate that it doesn’t need to.
But you knew all that already, you’re just arguing in bad faith so you can “be right”.
EmperorHenry@discuss.tchncs.de 3 months ago
“Bad Faith”? You think I don’t believe the things I say?
I like Crypto currency because there isn’t any government that can actually control it or monitor it. It’s like gold. Better than any stock or cash or credit of any “legit” currency in any account.
Of course, the majority of crypto is worthless and will always be worthless, but Bitcoin and Monero are worth A LOT, then there’s Dogecoin which is worth almost nothing, but it’s value goes up and down so drastically every time it changes that it’s still worth investing in.