Isn't it odd they compared bitcoin taking as much electricity as the whole country of Argentina to mine it?
Under what time frame?
What I know is that miners pay for the electricity they are using and this will contribute to electricity sectors to produce more electricity, some people do complain about this because they think most electricity produces carbon dioxide leading to green house gases, but it is evident that more than 75% miners make use of renewable energy while the use of wind and solar as being increasing. People do not like to face the fact, there are many companies producing this global warming gases, which they do not talk more about unlike bitcoin, the cars people are using, the power plants industries and the rate of bush burning and deforestation all contributing to global warming. I do not think that should be the talk, but miners are moving towards renewable energy production which makes bitcoin mining not hazardous as people think. Under what time frame?
Also in the video is about bitcoin as a form of ponzi, that is one of the useless information about bitcoin by critics, can ponzi survive for years if it is ponzi, when all population has being reached, no new investors will come in into ponzi scheme, and the old investors will gain while the new ones will not have new ones to pay for them to earn, thereby the new investors will lose, this will result to the collapse of the ponzi scheme, bitcoin has been existing for ten years now, and will still exists for decade or even centuries, that makes bitcoin different from ponzi, ponzi can never survive for long while bitcoin has survived for long because it is not a ponzi.
