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authorNicholas Johnson <mail@nicholasjohnson.ch>2025-02-05 00:00:00 +0000
committerNicholas Johnson <mail@nicholasjohnson.ch>2025-02-05 00:00:00 +0000
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-In my last journal entry titled "[[Documentary] Line Goes Up - The Problem With NFTs](/2022/03/15/documentary-line-goes-up-the-problem-with-nfts/)", I talked about my history with cryptocurrency (henceforth referred to as [digital tulips](/glossary/)), how I regret ever getting involved, and I promoted a documentary explaining how it's essentially a planet-destroying ponzi scheme. In this entry, I want to build on that and talk about why merchants shouldn't accept digital tulips as a form of payment.
+In my last journal entry titled "[[Documentary] Line Goes Up — The Problem With NFTs](/2022/03/15/documentary-line-goes-up-the-problem-with-nfts/)", I talked about my history with cryptocurrency (henceforth referred to as [digital tulips](/glossary/)), how I regret ever getting involved, and I promoted a documentary explaining how it's essentially a planet-destroying ponzi scheme. In this entry, I want to build on that and talk about why merchants shouldn't accept digital tulips as a form of payment.
## Disregard For The Environment
As I stated in my entry "Avoid Using Cryptocurrency", the consensus mechanism used by the most popular digital tulip schemes consumes an unreasonable amount of energy. By comparison, the per-transaction energy consumption of fiat is basically zero. By accepting digital tulips, you demonstrate that you don't care about the harm your business does to the environment.