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A comment on Bitcoin's Enormous Energy Costs May Prove to Be Its Biggest Risk. Parent comment

Re:Bitcoin's Enormous Energy Costs May Prove to Be Its Bigge... by Retric on Thursday November 09, 2017 @04:11PM (#15665905)
This assumes rational actors and a unified market. If bitcoin mining let's people get around currency controls the prices my end up significantly different.
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Re:Bitcoin's Enormous Energy Costs May Prove to Be Its Bigge... by michaeltoth on Thursday November 09, 2017 @04:46PM (#15666098)
It's doubtful that they would diverge significantly, unless the currency controls are so onerous that Bitcoin mining is the only solution to get money out of the base currency. Why would anybody choose to mine at a significant loss? Certainly not at the level the article is implying, with costs of mining approaching $1MM and Bitcoin (presumably) priced far lower.
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Re:Bitcoin's Enormous Energy Costs May Prove to Be Its Bigge... by colechristensen on Thursday November 09, 2017 @04:17PM (#15665939)
So organized crime in the 21st century is algorithms replacing mobsters.
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Re:Bitcoin's Enormous Energy Costs May Prove to Be Its Bigge... by cwkoss on Thursday November 09, 2017 @04:34PM (#15666033)
Seems unlikely, but that would be incredibly beneficial to society.
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Re:Bitcoin's Enormous Energy Costs May Prove to Be Its Bigge... by __jal on Thursday November 09, 2017 @04:54PM (#15666146)
Really? Mobsters make mistakes, sleep, and theoretically could have pity.
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Re:Bitcoin's Enormous Energy Costs May Prove to Be Its Bigge... by cwkoss on Thursday November 09, 2017 @05:00PM (#15666196)
Blockchains can't commit acts of real world violence though.
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Re:Bitcoin's Enormous Energy Costs May Prove to Be Its Bigge... by trophycase on Thursday November 09, 2017 @06:22PM (#15666607)
Just like Presidents don't fight in wars.
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