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A comment on Bitcoin Breaks $50K for First Time Since Hitting All-Time High in 2021. Parent comment

Re:Bitcoin Breaks $50K for First Time Since Hitting All-Time... by kraftman on Monday February 12, 2024 @03:05PM (#39349700)
I don't think I'm arguing for inefficiency, but I'm saying why is bitcoin called out for it specifically?
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Re:Bitcoin Breaks $50K for First Time Since Hitting All-Time... by jcranmer on Monday February 12, 2024 @05:02PM (#39351156)
Apropos of anything else, no one is arguing for a return to the gold standard, yet Bitcoin enthusiasts love to talk about its role as an alternative to fiat money. Sure, you can make the argument that gold mining is as inefficient as Bitcoin [1], but it's a strawman argument at best because there's no advocacy for the gold standard.

[1] I don't think this is a good argument, tbh.

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