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This Is Hell!

Cryptocurrency Will Not Liberate Us / Hadas Thier

This Is Hell!

This Is Hell!

News

4.9937 Ratings

🗓️ 2 March 2022

⏱️ 92 minutes

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Summary

Writer and Activist Hadas Thier talks to Chuck about her Dollars & Sense Article "Cryptocurrency Will Not Liberate Us." Jeff Dorchen sees a phantom. Or was it a famine? Everyone wrestles with how to pronounce "paczki." http://dollarsandsense.org/archives/2022/0122thier.html

Transcript

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0:00.0

the Europa

0:02.0

so long as not stay

0:04.0

for the Altenkulna dome

0:07.0

I'm the tone

0:08.0

I'm a Tumpf we in the loaf

0:10.0

and the himble and the

0:12.0

her left on the hip-hiblet-de-eff first.

0:13.0

On my go on and

0:15.0

what's on the road. Take him back. We're going to see. This is hell.

0:39.0

hell. oke-Doke.

0:44.0

The planet's on fire, so yes, this is hell.

0:50.0

And a big-time contributor to our burning planet is cryptocurrency, especially

0:55.4

Bitcoin, which annually, as our next guest writes, exhaust the same amount of

1:01.1

energy as the entire country of Argentina.

1:04.2

A single transaction requires 707 kilowatt hours of electricity, emitting half a ton of CO2. One Bitcoin transaction uses as much power as an average U.S. household uses over

1:20.1

73 days and U households use a lot of power in 2018. It was estimated that

1:29.2

the process of verifying and mining Bitcoin could on its own raise global temperatures over 2 degrees

1:36.9

Celsius by 2048 so all of those climate change talks will have gone for not.

1:45.0

So you would not be or you would think not just the left but the entire world would be up in arms over the devastating effects

1:52.0

crypto is having on all of us when it comes to global heating.

1:55.4

But oddly, there are those, even on the left, who see it as a way to break from the power of

2:00.0

ill-liberal governance dominated by the wealthy and powerful.

...

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