Why Cryptocurrency Is Bad. Cryptocurrency is already an enormous drain on electricity and has a huge carbon footprint. There is also zero reason why proof of support should be something that itself can be exchanged.

What do we need money for?

South korean confusion why cryptocurrency is bad cryptocurrency specialist through january, there was a bout of confusion that came out of south korea, an important bitcoin hub in the east, as the ministry of justicewhich independently announced its plans of banning cryptocurrency trading. While it's important that we find ways to reduce emissions from cryptocurrencies, it's also important to not forget that we need to be reducing emissions in the funniest thing is when we see the occasional government official tell us that bitcoin's emissions are bad while their convoluted system is belching. Investors honeymoon with cryptocurrencies seems to be ending. After the big crash, cryptocurrency prices are slowly starting to stabilise. This is the story of how i got my fingers burned in the murky of world of cryptocurrency investment. Why do we need cryptocurrency? this question misses the point. Submitted 6 hours ago by drizzt1990. Bitcoin, for example, jumped from around $1,000 in 2017 to nearly $20,000, back down to $3,400 and is now around $5,000 — this trend applies to pretty. After rallying significantly since the beginning of 2017, prices have now started crashing. Another reason why cryptocurrencies often get such negative attention, especially from institutional investors, is because the price is very unstable. Cryptocurrency is already an enormous drain on electricity and has a huge carbon footprint.