Speculation with BTC (asides from puts) thus is directly...
CMV: All those climate-saving billionaires are huge hypocrites now investing in bitcoin!
Bitcoin uses as much power as Norway mainly produced from dirty coal plants in third world countries. https://www.bbc.com/news/technology-56012952 (Edit:the article says it increased already to Argentinian size) Elon spending $100 mio price for carbon capturing while investing $1,5B in bitcoin at the same time without any real need. World climate is going down and we waste ton of energy just for speculation? This is soo hypocrite. Why aren't the billionaires not criticized more? Why isn't there a co2 tax on bitcoin? Why are those billionaires being hailed in Reddit while ruining all our futures? I don't get it, how can one produce electric cars, solar roofs, traffic reduction technologies, grant prices for climate technology and at the same time invest a multiply into the most stupid waste of energy one could possibly imagine? The only reason TSLA is doing this is for speculation purposes... One bitcoin transaction generates as much CO2 as a Tesla driving 5000 miles. Let alone an increased BTC price propelles mining activity. Speculation with BTC (asides from puts) thus is directly harming the climate as it expects rising courses and this drives mining.Tesla should sell their co2 certificates to themselves to cover for the bitcoin emissions? Are those billionaires not being honest to us and all they care is becoming richer ( well who doesn't) by polluting the ?. This invest in bitcoin will jeopardize all C02 emissions savings Tesla has made during it's entire existence in no time ( didn't do the math). One could wonder why this is even allowed, earning money from C02 emissions certificates while investing the same money into a C02 emissions network with no other real usage aside from wasting energy and becoming richer. Can anybody explain why Elon is still everybody's hero while being climate Sauron? I don't get it, we should tell him that this is wrong and he needs to stop. Elon, please be again the self made billionaire by making the world a better place! You are ruining all your reputation and the world needs green role models so badly!