Crypto companies publishing "research reports" showing crypto is not at all bad for the environment feels like cigarette companies making doctors say that smoking is totally not bad for you in the 1930s

Today (maybe a few days ago? I saw it posted today), a company called "CoinShares" published a report that tries really hard to push the narrative that BTC is totally not bad for the environment and that all of that is FUD.

Who is CoinShares? A company whose "mission is to expand access to the digital asset ecosystem" - in other words, a company that is dependent on crypto succeeding. If you read the report and you don't have rose-colored glasses, that becomes obvious for you - even though they pick the numbers most favorable for them, they find that BTC accounts for only 0.08% of CO2 emitted worldwide.

Think about that, that's almost a thousandth of all CO2 - for something that really isn't used all that much. That number is huge, and probably even higher in reality.

It's a laughable effort of declaring BTCs environmental problems FUD. In a few decades, when we hopefully have mostly solved crypto's environmental problems, we will look back at studies like that the same way we regard cigarette ads from the 1930s and 1940s with doctors saying they are not at all bad for your health.

Change my mind!