Cryptocurrencies are in many ways
Posted: Wed Jul 09, 2025 8:23 am
Make a Judgment Based on Values and Worth
Rather than asking in isolation how much carbon emissions decentralized web technologies create, many re-frame to draw a baseline. They ask, how do emissions from cryptocurrencies compare to emissions from traditional banking?
I haven’t come across a truly excellent breakdown of ecological cost for cryptocurrencies versus centralized banking, or even a hint of an attempt to compare emissions per dollar equivalent. However, there does exist some good comparative discussion, both of the costs of the two industries and of the value they provide (here’s an article from NASDAQ, for example).
I’m pleased to see the discussion. a practical protest against europe cell phone number list the power and control of traditional banks and government control. If the aim is to disrupt and displace, it’s important to compare the impacts of the two industries.
There’s much to critique in traditional banking. Quite apart from the ecological costs of day-to-day business, fossil fuel divestment has been a critical strategy of the climate movement, whether at the university endowment level or the personal ask to stop using Wells Fargo in response to their financial involvement in the Dakota Access Pipeline. People argue from both ecological and justice perspectives that disruption of traditional banking is a net positive. Others accept the ecological cost of decentralized finance tech as worthwhile, even if only for the trust and security of a chain of provenance.
Rather than asking in isolation how much carbon emissions decentralized web technologies create, many re-frame to draw a baseline. They ask, how do emissions from cryptocurrencies compare to emissions from traditional banking?
I haven’t come across a truly excellent breakdown of ecological cost for cryptocurrencies versus centralized banking, or even a hint of an attempt to compare emissions per dollar equivalent. However, there does exist some good comparative discussion, both of the costs of the two industries and of the value they provide (here’s an article from NASDAQ, for example).
I’m pleased to see the discussion. a practical protest against europe cell phone number list the power and control of traditional banks and government control. If the aim is to disrupt and displace, it’s important to compare the impacts of the two industries.
There’s much to critique in traditional banking. Quite apart from the ecological costs of day-to-day business, fossil fuel divestment has been a critical strategy of the climate movement, whether at the university endowment level or the personal ask to stop using Wells Fargo in response to their financial involvement in the Dakota Access Pipeline. People argue from both ecological and justice perspectives that disruption of traditional banking is a net positive. Others accept the ecological cost of decentralized finance tech as worthwhile, even if only for the trust and security of a chain of provenance.