this post was submitted on 23 Jul 2026
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Ugh. Yes, cryptocurrencies are full of scams, and yes, memecoins as dumb as hell, but that doesn't make the entire space worth banning. They don't ban BitTorrent implementations because 99.9%[^1] of the traffic is copyright infringement.
Ethereum, for example and chosen only because I'm most familiar with it, doesn't burn electricity any more, is about empowering users, and has real use cases.
There are plenty of serious developers building useful technology in the space. Cryptocurrencies are censorship-resistant, and bad actors will inevitably use them, but that's true of any open technology.
Ban projects that are themselves scams or fraudulent, but it's unreasonable to reject an entire class of technology because those projects exist.
[^1]: unsubstantiated hyperbole.
The 870 tonnes of CO2 the E network now produces for yearly operation is equivalent to eating 290000 cheeseburgers, as much as the world eats burgers in one day and one hour.
It's equal to the calories contained in that many cheeseburgers or expended while eating? Or in making that many cheeseburgers? And are we talking like Big Macs or Whoppers?
I was curious, and redid the math using cars (a unit I can understand). Works out to about 370 cars. That's equivalent to like... 0.0006 cars per user.
Sources:
https://www.epa.gov/greenvehicles/greenhouse-gas-emissions-typical-passenger-vehicle
10.1109/CICTN64563.2025.10932395
https://ycharts.com/indicators/ethereum_daily_active_addresses
Production. Meat production (factory farming) is the largest CO2 source.