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A comment on Bitcoin emissions alone could push global warming above 2°C: study from 2018. Parent comment

Re:Bitcoin emissions alone could push global warming above 2... by mr_woozy on Sunday January 17, 2021 @06:23PM (#25816328)
I'd assume at this point people want it as a hedge against inflation tbh. So people want it so their fiat money won't decrease in value is more accurate.
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Re:Bitcoin emissions alone could push global warming above 2... by bb88 on Sunday January 17, 2021 @06:52PM (#25816540)
I thought it was more of a crypto lottery frankly. A whole bunch of people started buying it and it's become like this gigantic game of chicken, where you don't want to be left holding worthless BTC.
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Re:Bitcoin emissions alone could push global warming above 2... by mr_woozy on Sunday January 17, 2021 @09:06PM (#25817388)
If we hadn't just had lots of institutional money moving into Bitcoin within the last year (see https://bitcointreasuries.org) I'd be inclined to agree.

However I don't think institutions of this size and nature buy millions of dollars worth without some sort of analysis and strategy.

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Re:Bitcoin emissions alone could push global warming above 2... by bb88 on Sunday January 17, 2021 @10:03PM (#25817663)
I thought you were going to say: JPMC, Black Rock, Goldman Sachs, etc. The vast bulk of it are crypto currency companies.

Instead it's basically $186 million from Square and $5 billion from a questionable Microstategery investment decision.

JPMC has trillions under management, seems like they would want to invest, right? Or are they worried that Tether is currently untethered to reality?

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Re:Bitcoin emissions alone could push global warming above 2... by mr_woozy on Sunday January 17, 2021 @10:53PM (#25817911)
who knows what those biggies do, I'm sure they don't publish their moves out in the open like this nor do I think they hold actual coin. They're probably just holding option positions on CBOE and CME.

Fuck tether though.

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