Carbon Offsets Are a Distraction for Crypto

Fibo Quantum

BitMEX took a somewhat heterodox approach to measuring bitcoin’s carbon footprint, deciding to put a kilowatt figure on transaction volume. (Many industry activists have said you cannot compare Bitcoin, a base layer monetary network, to Visa, a payments rail, when it comes to transactions and energy use; Visa, by transaction count, has a far less intensive energy draw.)

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