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Re:Bitcoin and other PoW coins are an ESG nightmare by godlikeNoob on Monday February 15, 2021 @02:15PM (#26146060)
quantitative easing -> Needed to ward off a recession as seen fit by most of the economists ... Not saying it's efficient / needed, can't say anything for sure since I am a lowly dev and not a world class economist This whole concept of bitcoin having value just because it's finite is asinine ... The whole world used gold standard and there was a reason the US and other nations got rid of it after WWI. Comparing bitcoin's energy usage to traditional financial systems makes zero sense, mainly because traditional financial systems have a much bigger purpose. I'll never buy any goods or services with my bitcoin because of the upside potential and I'll never accept payments in bitcoin because of the downside risk.

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