Re:PayPal Bids $500M to Acquire Crypto Startup Curv
by trident5000 on Wednesday March 03, 2021 @12:05PM
(#26331260)
Shaming electricity usage is just ass backwards. Future humans will take more electricity without question especially as AI ramps up (massive rendering). The key is to transform all energy to cater to that need. Neither one of us will determine what people use as a hedge, the market will.
Re:PayPal Bids $500M to Acquire Crypto Startup Curv
by 177tcca on Wednesday March 03, 2021 @12:57PM
(#26332040)
It's directly connected to lots of power usage today being from coal.
Re:PayPal Bids $500M to Acquire Crypto Startup Curv
by trident5000 on Wednesday March 03, 2021 @01:13PM
(#26332274)
So is all that crap you buy from China that you dont need which is manufactured using dirty power. BTC is mostly renewables and will transition completely as it becomes cheaper.
The narrative about central banks eroding life savings is greatly exaggerated by people who want us all to buy Bitcoin. Inflation raises the price of assets in general (virtually the definition of inflation), meaning virtually any non-cash investment will be buoyed by inflation. The idea that Bitcoin is the only way (or even a particular good way) to avoid inflation is a myth.