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A comment on Cambridge Bitcoin Electricity Consumption Index. Parent comment

Re:Cambridge Bitcoin Electricity Consumption Index by Grustaf on Wednesday February 10, 2021 @10:44AM (#26090676)
You can go through life without ever using physical cash. You get paid digitally, you buy groceries digitally. You even borrow money for a house digitally.

The thing you transact with is digital, liquid and fungible. In what sense is it not cash?

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Re:Cambridge Bitcoin Electricity Consumption Index by mj4m1n on Wednesday February 10, 2021 @01:27PM (#26092934)
All those transactions are reversible at any point with a flip of a bit (or two).

If you receive physical cash, it's in your control.

Now if only that cash could not be inflated as much as it can.

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Re:Cambridge Bitcoin Electricity Consumption Index by Grustaf on Wednesday February 10, 2021 @01:35PM (#26093029)
I don’t think any common definition of cash includes the idea that payments are “irreversible”. I don’t even see why this is so important. If someone pays me physical cash by mistake they have legal recourse to get it back. It’s not finder’s keepers.
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