Re:Coinbase S-1
by temp8964 on Thursday February 25, 2021 @10:17AM
(#26263614)
I don't think cactus2093 meant US / western world.
[ Parent
| on HN ]
I get that I said USD, but the fundamental premise doesn't get that altered.
Bitcoin is heavily resource intensive. In an environment that is already resource pressed either due to political instability/natural disaster/inflation/whatever, what are the chances that the resources are going to be found that can actually operate bitcoin, and won't be better utilizied elsewhere?
Re:Coinbase S-1
by malaya_zemlya on Thursday February 25, 2021 @10:43AM
(#26263976)
You don't need to do mining in the disaster affected area. You need _someone_ to mine and to confirm transactions, but that can happen anywhere the world.