I thought some may be interested in this. My son told me that the student news channel they watch was on the topic of crypto today. He said it was all about how crypto mining and NFTs are destroying the environment and causing climate change.
He said they also talked about people getting paid in crypto. The episode suggested that paying people in crypto is some horrible inhumane practice because it’s unstable.
Just to be clear, I haven’t seen this myself but I trust that my son wasn’t making this up. He said he thought that some of the things they were saying weren’t true so he was looking for clarification on it.
Personally, I find it a little disturbing that they’re misrepresenting and showing only one viewpoint on this technology to middle school children. A lot of them just blindly believe what they’re told because they haven’t developed critical think skills at that age.
Update: I asked my son what the news they watch at school is called and I have the exact video in question. What they’re watching is CNN 10, “an on-demand digital news show ideal for explanation seekers on the go or in the classroom.” I have some people complaining that I’m just calling fair criticisms propaganda. I’ll post the link and you can watch it yourself and decide if it seems fair to you.
https://www.cnn.com/videos/cnn10/2021/11/14/ten-1115.cnn
I don't want to respond to everyone who is telling me everything in the video is true so here is my explanation for what I personally think is wrong with the way the video presents the topic.
Keep in mind that I hadn’t seen the video myself before posting this. I posted the link for people to judge themselves.
Personally, I think the video is extremely biased. The host briefly mentions a benefit of crypto but then immediately brushes it off and starts debunking it. The video also gives the impression that government oversight and regulation is not only good but necessary for a currency to work which I believe is at the very least subjective opinion and probably downright false.
Finally, the thing about buying an NFT using the same amount of energy as driving 500 miles is false. That’s not how ethereum works. The host also acts as if banks, state and Federal governments and the Federal Reserve don’t use electricity. I don’t think bringing up electricity is a valid criticism of crypto unless they’re going to compare it to the existing financial infrastructure.
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