Greenwashing and people defending their bags against what they see as attacks. I suspect a number of people are aware that it's bullshit but handwave anyway, and then a lot of people buy the bullshit because they're emotionally invested.
I like(d) everything else about bitcoin even though it's dated technology now, but proof of work is unjustifiable, the incentives create an extremely negative externality that aren't offset by its potential as borderless, uncensorable money. Especially when other blockchains avoid this issue entirely.
I like(d) everything else about bitcoin even though it's dated technology now, but proof of work is unjustifiable, the incentives create an extremely negative externality that aren't offset by its potential as borderless, uncensorable money. Especially when other blockchains avoid this issue entirely.