In the specific case of Iran and Bitcoin, using a currency that requires expenditure is actually a benefit. It increases demand for the very thing that they’re selling.
More generally, though, there are plenty of cryptocurrencies that don’t burn significant quantities of energy. Anything running on Ethereum has been validated using proof-of-stake since 2022.
The politics of the thing aside, couldn’t they have found a currency that doesn’t burn fucktons of energy?
In the specific case of Iran and Bitcoin, using a currency that requires expenditure is actually a benefit. It increases demand for the very thing that they’re selling.
More generally, though, there are plenty of cryptocurrencies that don’t burn significant quantities of energy. Anything running on Ethereum has been validated using proof-of-stake since 2022.
I have heard that at least drug dealers are using Monero now. At least the ones that I have second hand familiarity with.
Crypto is much more efficient than any FIAT currency.
I meant non-bitcoin crypto. I’m not 100% clear on this, but AFAIK there are less energy-intensive coins.
Yeah, that is the problem here.