Blockchain is bad for the environment

How can a technology be bad for the environment you might ask. Well, here’s why.

Blockchain is as safe as it is, because its security is based on raw computing power. Right now there are thousands of computers around the world that are executing complex calculations to ensure validity of transactions worth a few pennies. Ever thought of that? The people or companies that are making money on blockchain technology are actually trading energy and not in an effective environmental friendly way.

Why do we hype stupid technology?