id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
foreignpolicy-com-9246		Supposedly Green Cryptocurrency Chia Is Just Another Way of Wasting Resources			.html	text/html	2468	182	72	Chia Is a New Way to Waste Resources for Cryptocurrency Chia Is a New Way to Waste Resources for Cryptocurrency What Bitcoin does for electricity and Ethereum for video cards, Chia does for hard disks. Bitcoin, the first cryptocurrency, has a problem: It uses ghastly quantities of electricity and thus generates as much carbon emissions as a medium-sized country. As long as people can make money wasting electricity, they'll add more computing resources to win more bitcoins in an ever-escalating arms race. There are smaller cryptocurrencies that don't use this process, but Bitcoin and Ethereum are the two cryptos that are widely exchangeable for actual money. Chia's business white paper advocates the same conspiracy theory economics that was embraced by the Bitcoin subculture: It assumes that governments fundamentally cannot be trusted to issue money and wasting a country's worth of electricity is a better alternative. The resource Cohen chose to use for his so-called green cryptocurrency, Chia, was computer hard disk space.	./cache/foreignpolicy-com-9246.html	./txt/foreignpolicy-com-9246.txt