When Invoice Maher’s proper, he’s proper. The HBO host has plenty of dicey opinions, however one topic the place he’s proper on the cash is cryptocurrency. He devoted a piece of Friday night time’s Actual Time to the monetary fad that’s getting larger and larger, with digital currencies like, Ethereum, Tether, and extra taking off. Some are even accepted by locations like Complete Meals, Etsy, and Dwelling Depot. However Maher’s not having it.
Maher singled out Dogecoin, the cryptocurrency that started as amusing solely to develop into “actual,” as emblematic of the entire fad’s drawback. “Far as I can inform it’s precisely the identical as the opposite cryptocurrencies as a result of the entire thing is a joke,” Maher cracked. He referred to all of it as “Easter bunny cartoon money” and in contrast it to Tinkerbell from Peter Pan: “Its energy relies solely on sufficient kids believing in it.”
However his largest beef was how unhealthy cryptocurrency is for the atmosphere. He identified that each transaction sucks up tons of energy, utilizing “extra vitality than Netflix, Apple, Fb, and Google mixed.” Every trade, he says, “makes use of extra electrical energy than one million Visa transactions and has the identical carbon footprint as watching 85,000 hours of YouTube.”
He additionally drew a compare-and-contrast with one other main vitality suck: “Automobiles are unhealthy for the atmosphere, however at the least they take you someplace.”
Maher additionally known as out the massive tech bros, like future SNL host Elon Musk, who discuss in regards to the atmosphere whereas collaborating in energy-sucking cryptocurrency. “How can Tesla be all-in on saving the planet with electrical automobiles after which take part in destroying it with this utterly pointless on-line play-money?”
Maher’s phrases didn’t sit effectively with some pro-cryptocurrency varieties.
Fallacious. Most Bitcoin miners find the place the vitality is affordable, renewable and even the place it will in any other case go unused. This concept is so previous and drained. You’ll assume Maher’s workers would do extra analysis earlier than spouting this previous fable.
— TomTahoma (@TomTahoma)
However others argued that you may hate cryptocurrency and Invoice Maher on the identical time.
Bitcoin and Invoice Maher’s profession have loads in frequent
Neither one among them have any intrinsic worth
— George Carlin’s Ghost (@AlbyWeiser)