this post was submitted on 03 Apr 2024
2 points (56.2% liked)
Monero
1675 readers
26 users here now
This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
Wallets
Android (Cake Wallet) / (Monero.com)
iOS (Cake Wallet) / (Monero.com)
Instance tags for discoverability:
Monero, XMR, crypto, cryptocurrency
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
You do realize that proof of work uses a negligible amount of energy compared to banking institutions, right? Its not even worth talking about because its a non-issue.
The real question is: why dont banks just use Monero and get rid of all their wasteful infrastructure?
Banks are hypocritical. They cry about crypto spending too much energy without even bothering to look at their energy usage.
What? Yes, they looked. And they spread a ton of disinformation that was extremely effective
The fact that this question exists is testament to them.
Its the same for the tobacco industry and the oil industry. They know that they're the big polluters killing people. The looked, and they hired PR companies to spread disinformation.
I meant that they didn't make that information public.
Any source on this?
https://bitcoinmagazine.com/business/bitcoin-energy-use-compare-industry
Missing the point