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A comment on Blackouts have hit Iran. The government is blaming Bitcoin mining. Parent comment

Re:Blackouts have hit Iran. The government is blaming Bitcoi... by runsWphotons on Monday January 18, 2021 @10:45AM (#25822838)
If you just hold bitcoins they just sit there too mostly. It takes energy to mine them just like it takes energy to mine gold. It seems it takes a bit more energy to mine a bitcoin than an ounce of gold, but bitcoins have other properties that gold doesn't. (https://www.nature.com/articles/d41586-018-07283-3)
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Re:Blackouts have hit Iran. The government is blaming Bitcoi... by api on Monday January 18, 2021 @11:02AM (#25823040)
If you turn off the chain bitcoins still exist, but they are not fungible. What value do they have when they can't be traded?
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