this post was submitted on 27 Jul 2025
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Also because the entire thing is backed financially by energy wasted, crypto has actually been slowing down the adoption of cheaper, safer renewable energy.
People spend x dollars on generating crypto, they expect to sell it for x+profit
Ergo if energy became cheaper, crypto would devalue and we can't have that.
Mining hardware is the bigger cost for bitcoin. Tokens are the largest cost for PoS.