Re:Cambridge Bitcoin Electricity Consumption Index
by kerng on Wednesday February 10, 2021 @04:00PM
(#26094728)
Good points. To give it a totally different spin, imagine Bitcoin's value is pretty constant actually and what changes is the dollar (its being devalued at a rapid pace at the moment).
There is only a limited supply of Bitcoin, but there will be more and more dollars printed over the next decades (making the dollar even less valuable compare to the constant Bitcoin). So Bitcoin will be interesting to watch - quite exciting for future and to see what's gonna happen.
In a tautological way, sure, everything's worth what somebody's willing to pay for it. But the above examples must call into question whether there is a distinction between what something is worth in dollars, and what its merit is.