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When Invoice Maher’s proper, he’s proper. The HBO host has a number of dicey opinions, however one topic the place he’s proper on the cash is cryptocurrency. He devoted a piece of Friday evening’s Actual Time to the monetary fad that’s getting larger and larger, with digital currencies like Bitcoin, Ethereum, Tether, and extra taking off. Some are even accepted by locations like Entire Meals, Etsy, and House Depot. However Maher’s not having it.
Maher singled out Dogecoin, the cryptocurrency that started as fun solely to turn 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 setting. 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 1,000,000 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: “Vehicles are unhealthy for the setting, however at the least they take you someplace.”
Maher additionally referred to as out the large tech bros, like future SNL host Elon Musk, who speak concerning the setting whereas participating in energy-sucking cryptocurrency. “How can Tesla be all-in on saving the planet with electrical vehicles after which take part in destroying it with this fully pointless on-line play-money?”
Maher’s phrases didn’t sit properly with some pro-cryptocurrency varieties.
Flawed. Most Bitcoin miners find the place the vitality is reasonable, renewable and even the place it might in any other case go unused. This concept is so previous and drained. You’d suppose Maher’s workers would do extra analysis earlier than spouting this previous fable.
— TomTahoma (@TomTahoma) May 1, 2021
However others argued that you may hate cryptocurrency and Invoice Maher on the identical time.
Bitcoin and Invoice Maher’s profession have rather a lot in widespread
Neither one in all them have any intrinsic worth— George Carlin’s Ghost (@AlbyWeiser) May 1, 2021
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