Re:The Environmental Case Against Bitcoin
by UncleEntity on Wednesday December 06, 2017 @08:51AM
(#15861013)
> That's 1.2M people eating and commuting 5 days a week for the purpose of supporting fiat.
They aren't really "supporting fiat" as you say, they do things that (presumably) have value like storing money, making loans and...whatever else it is that banks do.
If all the world's central banks decided tomorrow to stop the printing presses banks would still have a function in society independent of "supporting fiat" as they have had for a long time.
They aren't really "supporting fiat" as you say, they do things that (presumably) have value like storing money, making loans and...whatever else it is that banks do.
If all the world's central banks decided tomorrow to stop the printing presses banks would still have a function in society independent of "supporting fiat" as they have had for a long time.