Is crypto bad for the environment? What are the positives?

I've not had much time to look into this but it seems like the booming of crypto goes against everything green. I'm not a tree hugger particularly (love my petrol bikes and cars) but something seems a little off.

I understand the process for BTC mining is way more resource intensive than say ETH, however have there been adequate steps to ensure renewable energy is used and the situation actually improved going forward? I figure the higher the rise of prices in key coins, the higher the motivation for people to disrupt global supply chains of important things such as computing processors, graphics cards and even countries providing cheap electricity to turn a quick profit with the mining. It just seems like pure greed causing disruption to the general public, but the public feeling they haven't got much other choice but to also jump on the bandwagon due to inflation concerns and a government that can't stop printing money.

I can't really get my head around the super expensive NFT market either, but perhaps I'm just a dinosaur who doesn't understand the value of these tokens. Although if it means deterring what would become classic car speculators who take beautiful examples off the roads for eons just to keep them in their own private glass museums, maybe it's a good thing?

It appears to me that crypto coins are mined using intense energy for little other purpose than to hold a coin with the hopes someone will pay much more for that coin in future, i.e. speculation without any tangible utility, other than assuming everyone else accepts it as tender for goods at some point down the line (i.e. adopted en masse). Whilst fiat currency certainly has its disadvantages in regards to adverse government monetary policies and lack of blockchain verification to prevent tax fraud etc.
It seems more 'efficient' in a way, at least from an energy perspective.

I guess part of me (as with many I've spoken to) wishes I bought a truckload earlier on for personal gain, and am interested in diversifying a little into it now, but I can't shake the fact it seems like a bit of a Ponzi that's overall doing more harm than good.

If anyone knows more about this, and can argue for the positives of crypto, would be very keen to hear more.

Just to add, I actually love the concept of governments no longer controlling 'our money' through adverse policy, interest rates etc. so to speak, however need some convincing on this topic.

I dunno really depends if the latinas are into Asian guys.

From what I hear 5G wireless network uses a lot of power. Cryto also uses a lot of power. Let's just go back to gold and silver as money because it's real money. Crypto is fake money if it's not backed up with assets like gold and silver.

I think Humans are bad for environment. We sould limit world wide population to max 1 Billion. Selection process runs according Russian roulette, rest will get executed.

It's future

jaspart wrote: I think Humans are bad for environment. We sould limit world wide population to max 1 Billion. Selection process runs according Russian roulette, rest will get executed.

Ok Gill Gates. lol