Re:Every $1 of BTC value responsible for $0.49 in health and...
by random5634 on Thursday March 04, 2021 @09:59AM
(#26343201)
It assumes the value of Bitcoin is in the mining of new coins. The network also has value as a ledger to record transfers of Bitcoin (billions per day) which contributes to the value of the network
The analysis can be generalized to say anything that uses 0.05 electricity creates these large harms. Perhaps true, but itβs not going to be unique to Bitcoin
Re:Every $1 of BTC value responsible for $0.49 in health and...
by effie on Thursday March 04, 2021 @01:50PM
(#26346472)
This. This bad argument about value of cryptocurrencies being mining, lack of perspective and policy proposals in the paper are the most obvious signs of bias.
The analysis can be generalized to say anything that uses 0.05 electricity creates these large harms. Perhaps true, but itβs not going to be unique to Bitcoin