Re:Cambridge Bitcoin Electricity Consumption Index
by XorNot on Wednesday February 10, 2021 @09:29AM
(#26089562)
Conflict zones are generally aware that there are non-conflict zones. The existence of the first world, and detailed knowledge of it's demands, means people know to collect assets that will be valued there.
The problem with Bitcoin is it's not a physical thing at the end of the day: nobody mints jewellery out of bitcoin.
It seems more likely that people conflict zones would be happy to accept gold (with the assumption it will be valuable in the future/in more stable areas) than bitcoins that require electricity, stable internet and tons of disk space.