from Gergely Orosz | by Gergely Orosz

I'm leaving money on the table, but I am ignoring *all* opportunities related to crypto that have anything to do with PoW (e.g. Bitcoin, Ethereum). These currencies waste incredible energy amounts - contributing to global warming - and generate huge amounts of e-waste.

Bitcoin is a terrible offender both energy, and e-wase wise, and has no plans to move off the wasteful PoW approach. t.co/NRBL5cl1B5

Up until now few have done research on the impact on e-waste. Unsuprisingly, it's also massive: t.co/QnQYT5IQZB

Ethereum has plans to move to PoS... which have been plans for years now. I'll believe it when it happens. Most NFT transactions use Ethereum, so if you buy/sell NFTs, you keep incentivizing energy and hardware waste. t.co/BTA4iudOnu

"But when Ethereum moves to PoS, environmental issues will be solved, right? It's only months away, right?" Wrong: a *very* detailed take. t.co/ZO3wQyQh1K

And this is why, I personally won't be buying, selling, advising, promoting any form of PoW crypto, NFTs, or crypto exchanges, despite how much money there is in this space.

Whenever I reject to be involved in an NFT project, people still try to convince me: "Bitcoin uses less energy (globally) per year than it takes to power Tumble Driers in the USA" Umm... there are 0.3M Bitcoin transactions per day, and >30M tumble drier loads/day in the US. 😲

Or: "I'm highly environmentally conscious myself but choose not focus on crypto's small environmental impact." You do you and tell yourself that. The impact is very large (was it 100 tumble driers load energy usage/transaction?), and *I* can do something to *not* increase it.