Earth's recent climate spiral.

[Leonardo17]

1) This is a very important point. The solution to that is
a) To consume less. Western style of capitalism is dictating us that we must have more in order to be more. Not only is this a completely false idea but it is also very harmful to the planet.
b) To switch to a cyclical economy. We must move away from the “use it than throw it” model of consumption to more durable goods that can be repaired, upgraded and then recycled ideally to 100% percent. Today we can’t even repair our smart devices when they are broken. There are even people who switch devices every month or so. So this cannot go one. Our economic model is fundamentally wrong as Greta puts it.
 
2) I can’t agree more. Everyone has probably heard about Sam Bankman. I am not saying that it should be banned. I’m only saying that we also have to cut down on our energy consumption right now. Besides Crypto is something that is being used in the darkweb in the buying of human organs, assault rifles, drugs, virgin Caucasian girls etc. In Kazakhstan they have crypto currency mines working on Coal power.
 
   So I understand it if an Indian family needs coal energy to do their homework in the evening, to heat themselves in winter or to run a textile plant. But is Crypto currency one of these basic needs we cannot live without? I don’t think so. There has to be more political will to realize our climate goals.

There's no "western style" of capitalism.  It is what it is, everywhere, and no different anywhere.  OFC no one needs crypto, but crypto isn't actually being mined "in the west" - because we don't have those beautiful dirt cheap energy prices.  Crypto is mined in the developing world.  That's sort of the point.  Crypto is a thing you can do to make money especially where western enegery rates arent in effect.  To turn cheap offbrand energy into our currencies.  Because no one wants funny money from those places.  They want to turn burnt material into cold hard USD.  Crypto is a petro-currency just about uniquely suited to shitting on people from not-here-istan.

You might not be ready to say it, but I am, and always have been.  Crypto is a fucking scam.  It should be banned.  I've been burning wood for years to heat my house, why am I not a crypto gazillionaire?  Is that not how it works...cuz it looks like that's how it works...

Still I have one objection: Crypto is also being mined in places like the north of Canada in a way that is based on geothermal energy. Crypto factories actually need a lot of cold air (or air conditioning) because of huge amount of computing spaces (supercomputers) that are necessary to produce this electronic currency.
 
So my objection is: There are people with no A/C in the middle of summer and in some countries like mine people are buying natural gas almost on a daily basis because heating is too expensive.
 
So the word “western” here could perhaps be replaced with “20th century”. This is 20th century style capitalism. We can’t just allow anything simply because people are making profit and have a business model going on. So that’s why I am not completely opposed to crypto. I’m not an economist. There are probably Pro’s to the subject too. But I believe that we in the 21st century should be able to ask these questions. Why? Because the costs of climate change is already greater that all crypto-currency profits put together.
 
And there are more fundamental questions too. Questions like “Is it OK that the 1% richest of the planet control more than 50% of the resources in this planet?”. These are tabu questions for 20th century liberalism. But if you look at all those waves of migrant workers from south-America or sub-Saharan Africa, I think that even the most liberal persons will agree that there are changes to be made in the very economic models of our societies.