Re:Cambridge Bitcoin Electricity Consumption Index
by arcticbull on Thursday February 11, 2021 @10:27AM
(#26102451)
Almost like classical finance has worked forever. Remind me what we’re Expending this energy for again? Or are we closing in on the end of the speedrun?
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Re:Cambridge Bitcoin Electricity Consumption Index
by shawnz on Thursday February 11, 2021 @10:28AM
(#26102478)
For situations in which the risk profile of traditional fiat currencies doesn't meet your needs.
It is a strawman to say that Bitcoin can only be useful if it replaces all traditional financial instruments.
Re:Cambridge Bitcoin Electricity Consumption Index
by arcticbull on Thursday February 11, 2021 @11:21AM
(#26103374)
I've never said that. I've said it does literally nothing better than classical systems. That point remains in contention. The idea that it's somehow everything and nothing at the same time, just a perpetual number go up machine, is a pro-crypto argument.