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- Maher pointed out that every transaction sucks up tons of power, using “more energy than Netflix, Apple, Facebook, and Google combined.
- Dragging Big Tech into the debate, Maher called out Elon Musk for talking about the environment while taking part in energy-sucking cryptocurrency.
- A Tom Tahoma said most bitcoin miners locate where the energy is cheap, renewable, and even where it would otherwise go unused.
Bill Maher, the HBO host, known for his dicey opinions, has taken a swipe at the cryptocurrency market. His best punch was cryptocurrencies’ impact on the environment.
Maher pointed out that every transaction sucks up tons of power, using “more energy than Netflix, Apple, Facebook, and Google combined. He said each exchange uses more electricity than a million Visa transactions. Maher added that it has the same carbon footprint as watching 85,000 hours of YouTube.
Taking it to the road, the HBO host said cars are bad for the environment, but at least they take you somewhere.
Dragging Big Tech into the debate, Maher called out Elon Musk for talking about the environment while taking part in energy-sucking cryptocurrency. He questioned, quote, “How can Tesla be all-in on saving the planet with electric cars and then participate in destroying it with this completely unnecessary online play-money?”
HBO host singles out Dogecoin
Continuing with his rant against cryptocurrency, Bill Maher singled out Dogecoin. Uproxx quoted him, “Far as I can tell, its exactly the same as other cryptocurrencies because the whole thing is a joke.”
Maher described all cryptocurrencies as “Easter bunny cartoon cash”. He even compared it to Tinkerbell from PeterPan. The HBO host said its power is based solely on enough children believing in it.
Crypto enthusiasts hit back
Not taking Maher’s comments lying down, crypto enthusiasts have taken to social media to set things straight. A Tom Tahoma said most bitcoin miners locate where the energy is cheap, renewable, and even where it would otherwise go unused. He also made a sarcastic statement saying one would think Maher’s staff would do more research before spouting this old myth.
Another crypto fan said bitcoin and Bill Maher’s career have a lot in common. He added neither one of them have any intrinsic value.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
