$365B wiped off cryptocurrency market after Tesla stops accepting Bitcoin

Re:$365B wiped off cryptocurrency market after Tesla stops a... by svachalek on Thursday May 13, 2021 @04:26PM (#27146977)

Bitcoin is deliberately inefficient to a horrifying degree but it is not "all cryptocurrencies". Most modern designs are thousands or millions of times more efficient.

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Re:$365B wiped off cryptocurrency market after Tesla stops a... by mavhc on Thursday May 13, 2021 @05:49PM (#27147931)

And thus worth 1000s to 100000s of times less money. Bitcoin is about turning electricity into bits, the trick is the decreasing amount of bitcoin, thus get in at the base of the pyramid to make more money

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Re:$365B wiped off cryptocurrency market after Tesla stops a... by snotrockets on Thursday May 13, 2021 @05:06PM (#27147469)

And even at that cost, they are are still an environmental disaster.

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