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A comment on Cambridge Bitcoin Electricity Consumption Index. Parent comment

Re:Cambridge Bitcoin Electricity Consumption Index by DownGoat on Wednesday February 10, 2021 @10:43AM (#26090652)
Because the markets wants to trade on it. Going with the assumption that crypto will "succeed" in the future, any business or bank not trading on it would be loosing out to businesses that are capable to do both.
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Re:Cambridge Bitcoin Electricity Consumption Index by UncleMeat on Wednesday February 10, 2021 @10:56AM (#26090853)
That is circular. BTC will succeed as an investment because it will supplant other systems for banking. BTC will supplant other systems for banking because it succeeds as an investment.
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Re:Cambridge Bitcoin Electricity Consumption Index by xtracto on Wednesday February 10, 2021 @11:52AM (#26091614)
I think that's the same issue that every new technology related to network effects has had. Like Napster, Myspace, facebook, etc
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