How an Online Currency Hurts the World IRL

Money Rehab with Nicole Lapin

Money News Network

Education, Business, Self-improvement

4.6 • 1.7K Ratings

🗓️ 12 August 2021

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Even though cryptocurrency only exists online, it has very real environmental effects IRL. Bitcoin production uses the same amount of energy as entire countries. All of this sounds like bad news for Mother Earth, right? There’s only one planet and plenty of cryptocurrencies, so we have to put the planet first. Let’s take a look at some solutions. Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0	Hey guys, are you ready for some money rehab?
0:05.0	Wall Street has been completely upended by an unlikely player. Game stop.
0:09.0	That's a good one.
0:10.0	Dean and should I have a 401k because I don't do it?
0:12.0	No, I know.
0:15.0	I don't think the whole world will revolve around you on your money.
0:17.0	What a dumb shit.
0:19.0	Charge for wasting our time.
0:23.0	I will take a check.
0:25.0	I don't want to get screwed.
0:27.0	You recognize her from anchoring on CNN, CNBC, and Bloomberg.
0:31.0	The only financial expert you don't need a dictionary to understand.
0:35.0	The cold lap in.
0:37.0	So far on money rehab, we've had so much fun.
0:40.0	This is our version of fun talking about cryptocurrency.
0:44.0	We've talked about NFTs, we've talked about blockchain,
0:47.0	and my personal favorite, Dagicoin.
0:50.0	Or Dogecoin.
0:51.0	But there are some not-so-fun aspects to cryptocurrency, too.
0:56.0	Today, listen, our Molly writes in with this question.
0:59.0	Hey, Nicole, I'm thinking about investing in Bitcoin,
1:03.0	but my sister told me that crypto is bad for the environment.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Money News Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Money News Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.