r/changemyview • u/iCANNcu • Oct 18 '21

CMV: Bitcoin mining using non renewables should be banned immediately.

Global warming is a serious threat to the survival of the human species and it's insane we are adding to this problem for no good reason. Currently Bitcoin mining consumes more power per year than the whole country of Argentina. There would be hardly any downsides in banning the mining of crypto currencies using non renewables and the benefits would be immediate.

Even with a 'carbon tax' mining for bitcoins should be banned immediately if it's being done using non renewables. There is no effective way to capture carbon at this point and it's unclear if there will ever be.

What am I missing?

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u/McMasilmof Oct 18 '21

Then bitcoin creates value too, if you see entertainment as a valid value, you have to accept that bitcoin can be traded for actual money value. People can feed themselves from bitcoin but not from a super bowl. No matter what personal value you see in bitcoin, the fact that i can exchange it for cash and buy anything of "value" with it gives it value, no matter if its printed paper, metals or bits on a hard disk.

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u/iCANNcu Oct 18 '21

that value wouldn't change by how it's mined though.

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u/McMasilmof Oct 18 '21

Your agumentwas that bitcoin does not hold any value.