However, crypto supporters have been saying that concerns over the Bitcoin network’s energy supply are absurd, in contrast to the carbon used and the military violence that backs a number of fiat currencies including the U.S.
Elon Musk and his electric car company Tesla ignited a ferocious debate over bitcoin mining and how it affects the global environment.
However, people have been questioning Musk and Dorsey’s stance, as the two have not discussed the carbon used by the U.S.
Roosevelt quite literally flipped the American economy upside down, global financiers invoked the Bretton Woods pact which was the first step in establishing the petro-dollar.
dollar has made it so America has been a bully of other nations and feels the need to step in as the world police.
It burns a gallon a minute when driving, a gallon every 5 min when idle.
military, which keeps the dollar going strong, depends on massive amounts of fuel and has one of the largest carbon footprints on earth.
military spending is greater than the total military spending of the next seven countries combined: China, Saudi Arabia, India, France, Russia, United Kingdom, and Germany,” explains data from Street Smart Economics.
government pressure, the governments negotiating the 1992 Kyoto Protocol agreed that emissions generated by military activity would not count as national emissions and would not have to be reported.
military is a bigger polluter than as many as 140 countries.” The researchers’ study highlights how the U.S.
“The U.S.
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and Canada, has mined the first OFAC compliant bitcoin block, only accepting transactions that comply with the directives of this government office.