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Morning coffee chat
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this post was submitted on 08 Nov 2024
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I've heard that argument before, but i struggle with it. I do think regular banking, with all their buildings and people, clerks all the way to central banking, wasting entire lives on it, have a far larger total emissions.
I guess you would need to factor in the building electricity to keep the lights on etc. Though as far as I know bank transactions don't involve highly powered machines trying to 1 up each other to solve a transaction resulting in more power being used. Tbh idk how much power that would all total to.
Lighting doesn't matter me much. Heating is usually the environmentally dominant factor in a building I've learned.
Instead you've thousands of lives being wasted on deciding whether to raise or lower interest rates. A fair comparison would take that into account, too.
That makes sense especially since LED lights can save a lot more energy than traditional lights while heating would still be more of a problem. I am not really qualified to talk about interest rates so I cant really comment on that.