Re:Ray Dalio says the government could ban bitcoin
by henearkr on Monday March 29, 2021 @06:17AM
(#26619622)
Because games serve another purpose than just the energy consumption.
Whereas the bitcoin has no utility versus already existing fiat currency, except for the one to prevent any governmental fine tuning on the economics (by decentralizing).
This fine tuning is notably required for, e.g., environmental issues, energy reforms, social support... or just for the government to work at all, deciding budgets, create laws and organize the society.
Wanting to not participate in that in order to increase own's wealth is just wrong, and even wronger when you do that by monopolizing all of the planet's energy.
Whereas the bitcoin has no utility versus already existing fiat currency, except for the one to prevent any governmental fine tuning on the economics (by decentralizing).
This fine tuning is notably required for, e.g., environmental issues, energy reforms, social support... or just for the government to work at all, deciding budgets, create laws and organize the society.
Wanting to not participate in that in order to increase own's wealth is just wrong, and even wronger when you do that by monopolizing all of the planet's energy.