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Drudge Retort: The Other Side of the News
Wednesday, November 24, 2021

Erik Theden, director of the Swedish Financial Supervisory Authority, and Bjrn Risinger, director of the Swedish Environmental Protection Agency, said cryptocurrency's rising energy usage is threatening Sweden's ability to meet its obligations under the Paris Climate Agreement.

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Between April and August this year, the energy consumption of Bitcoin mining in the Nordic country rose "several hundred per cent," and now consumes the equivalent electricity of 200,000 households, Theden and Risinger said.

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Pretty dumb to be wasting massive amounts of energy resources on something completely unnecessary.

#1 | Posted by 503jc69 at 2021-11-24 12:27 PM | Reply | Newsworthy 1

Meanwhile in backwards ass America; we're trying to make all blockchain illegal except proof of work (mining). ---- freedom; this country is just a giant oil corporation.

#2 | Posted by IndianaJones at 2021-11-24 01:33 PM | Reply

#2 | Posted by IndianaJones

We are? Link? Sorry to be clear I don't put that past some red states I guess - like Florida and Texas. Call me skeptical but blockchain has come into something of it's own in several areas already. The ledger is a game changer in some areas.

#3 | Posted by GalaxiePete at 2021-11-24 03:21 PM | Reply

Speaking of Sweden...

Sweden's first female prime minister resigns hours after appointment
www.dw.com

...Sweden's newly elected Prime Minister Magdalena Andersson stepped down just hours after being voted in on Wednesday.

The move came after the Green Party announced that it would be leaving the coalition government. The Green Party decided to leave government when the country's parliament rejected spending plans in favor of those proposed by opposition parties, spelling crisis for the new administration.

Andersson says legitimacy cannot be in question

Speaking at a news conference Andersson said: "For me, it is about respect, but I also do not want to lead a government where there may be grounds to question its legitimacy."

Andersson also pointed out that "a coalition government should resign if a party chooses to leave the government. Despite the fact that the parliamentary situation is unchanged, it needs to be tried again."

The speaker of parliament Andreas Norlen confirmed receipt of Andersson's resignation and indicated that the path ahead would be discussed according to local news agency TT....


#4 | Posted by LampLighter at 2021-11-24 03:59 PM | Reply

@#1 ... Pretty dumb to be wasting massive amounts of energy resources on something completely unnecessary. ...

I suspect that those making money from crypto do not think it is at all dumb.

#5 | Posted by LampLighter at 2021-11-24 04:01 PM | Reply

I suspect that those making money from crypto do not think it is at all dumb.

#5 | Posted by LampLighter

They're too dumb to realize they're burning up their own home in exchange for easy money.

#6 | Posted by SpeakSoftly at 2021-11-24 07:39 PM | Reply

That's the point " easy money", the other problems are someone else's. They don't care. Would you?

#7 | Posted by Effeteposer at 2021-11-25 04:53 PM | Reply

@#6 .... They're too dumb to realize they're burning up their own home in exchange for easy money. ...

As are investors in Big Oil.

So what's your point?

#8 | Posted by LampLighter at 2021-11-25 06:50 PM | Reply

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