Why I’m not investing in cryptocurrency right now.

It’s not a widespread “means of exchange” yet. In other words, it’s not really a currency.

Speculation: the act of trading in an asset or conducting a financial transaction that has a significant risk of losing most or all of the initial outlay with the expectation of a substantial gain. — from Investopedia

“Writing for Grist, Eric Holthaus calculated that by July 2019, the Bitcoin peer-to-peer network would require more electricity than all of the United States. And by November of 2020, it’d use more electricity than the entire world does today… A big middle finger to Earth’s climate and anyone who enjoys things like coastlines, forests, and not dying of mosquito-borne diseases. Refracted through a different metaphor, the Bitcoin P2P network is essentially a distributed superintelligence utterly dedicated to generating bitcoins, so of course it wants to convert all the energy (and therefore matter) in the universe into bitcoin. That is literally its job. And if it has to recruit greedy nerds by paying them phantom value, well, OK. Unleash the hypnocurrency! …. Right now, bitcoin looks increasingly like a tool for speculation rather than a viable, mainstream currency. And one scientific law that math, physics, and economics all share is this: Bubbles pop.” — from https://www.wired.com/story/bitcoin-global-warming/

“We’re essentially turning computers into heaters that we have to cool to recompute previous computations with. On purpose. A single day of the environmental costs of this process are so catastrophic that if we ever did the accounting — if anyone did — we would immediately understand that this entire idea is a mode of ‘fracking the whole environment’ whose costs rise explosively with every moment we continue the process.”— from https://medium.com/ill-ixi-lli/-da9326e97d1f

Let’s invest our valuable life energy towards truly helping and uplifting others in a way that is sustainable.

When you grow skills that are sustainably meaningful to your community, you will never starve. You’ll always have the gratitude and reciprocation from others, to sustain you and your family.

It’s suffering. Let it all go.

 by the author.



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