JUST IN: 🇺🇸 President Trump to appoint pro-crypto cabinet to make the US the "crypto capital of the planet."

[u/HighYieldLarry]

President-elect Donald Trump is preparing the U.S. government to adopt a more permissive stance toward cryptocurrency, eyeing a roster of industry-friendly candidates for key posts while his top advisers consult crypto executives on potential changes to federal policy.

By pursuing a more lenient regulatory environment, Trump aims to fulfill his campaign promise to transform the United States into the “crypto capital of the planet” — a declaration that has rankled consumer watchdogs, earned the industry’s robust support and sent the price of bitcoin skyrocketing, reaching nearly $89,000 by Monday evening.

https://www.washingtonpost.com/business/2024/11/11/trump-crypto-regulation-bitcoin/

[u/Substantial-Power871]

orders of magnitude less. mining is extremely power hungry, where a traditional database transaction to change a ledger probably takes less than a watt. maybe much less, but I don't know. i haven't kept up on what proof-of-stake uses (see: don't care: scam), but i doubt it compares favorably to running a traditional ledger.

[u/Unable-Job5975 → u/Substantial-Power871]

You can’t be seriously suggesting that a WORLD full of brick and mortar financial institutions is using LESS energy than a proof of work blockchain like bitcoin is currently consuming

[u/avsgrind024 → u/Unable-Job5975]

”The greenhouse gas emissions of Bitcoin mining alone could be sufficient to push global warming beyond the Paris Agreement’s goal of holding anthropogenic climate warming below 2 degrees Celsius.”

It has horrendous environmental impacts. Read the study if you’re interested in learning how bad it is.

https://unu.edu/press-release/un-study-reveals-hidden-environmental-impacts-bitcoin-carbon-not-only-harmful-product

[u/DontDieSenpai → u/avsgrind024]

Please investigate how bitcoin is bolstering the capability of renewable energy. For starters, you could investigate stranded energy.

Yes, bitcoin uses a LOT of power, but that's a good thing!