Re:Mainnet Merge Announcement
by colinsane on Wednesday August 24, 2022 @04:13PM
(#32585140)
that just makes the environmental asterisk bigger. you buy bitcoin you wouldn’t have bought otherwise (or would have sold otherwise), bridge it, lock it up on a different network. these actions marginally push the price of bitcoin up. higher price means (temporarily) more profitable mining, means miners divert more power to mining.
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