Re:Bitcoin consumed 134 TWh in total during 2021
by imtringued on Sunday January 02, 2022 @07:46PM
(#29775952)
If you are already rich then you are forced to invest your money for the benefit of workers. The fact that the rich own assets is not a mistake. They're supposed to own them. Savings must be invested, directly or indirectly or else people end up unemployed.
Re:Bitcoin consumed 134 TWh in total during 2021
by topranks on Monday January 03, 2022 @08:20AM
(#29780492)
Inflation is worst for the rich with piles of cash sitting around (and it incentives them to invest which is beneficial too).
For workers it’s not a disaster if wages rise. For people with mortgages it can be great.
Re:Bitcoin consumed 134 TWh in total during 2021
by endisneigh on Sunday January 02, 2022 @02:18PM
(#29772520)
Absolutely no inflation ever is a bad thing - see the Great Depression.
if you are already rich...