Re:Cambridge Bitcoin Electricity Consumption Index
by totalZero on Wednesday February 10, 2021 @10:10AM
(#26090148)
Central banking does have some benefits. Printing money can make a currency more valuable if it reduces volatility, because that draws more participants into the currency.
> The finite supply is a feature, not a bug.
Finite supply means that a guy who mined a bunch of bitcoin in his dorm room in 2011 because the university gave him free electricity can move the price when he decides to sell.
> The finite supply is a feature, not a bug.
Finite supply means that a guy who mined a bunch of bitcoin in his dorm room in 2011 because the university gave him free electricity can move the price when he decides to sell.