misktoTechnology@lemmy.worldEnglish·8 months agocross-posted to: technology@lemmy.worldJust 137 crypto miners use 2.3% of total U.S. power — government now requiring commercial miners to report energy consumption(www.tomshardware.com)external-linkarrow-up11.02Karrow-down130message-square360fedilink
arrow-up1989arrow-down1external-linkJust 137 crypto miners use 2.3% of total U.S. power — government now requiring commercial miners to report energy consumption(www.tomshardware.com)misktoTechnology@lemmy.worldEnglish·8 months agocross-posted to: technology@lemmy.worldmessage-square360fedilink
minus-squareمن البحر إلى النهرEnglisharrow-up30arrow-down4·8 months agolinkfedilinkDestroying the environment and not even for real money
minus-squarepiratEnglisharrow-up5arrow-down7·8 months agolinkfedilinkWhat makes it less real than other fiat currencies, if I may ask? If a currency is agreed upon being valid by multiple parties, I’d argue it is “real money”.
minus-squareمن البحر إلى النهرEnglisharrow-up7arrow-down0·8 months agolinkfedilinkIt’s a speculative asset, based on the bigger fool theory. You need to sell it for real money to pay your taxes.
minus-squaren2burnsEnglisharrow-up6arrow-down0·8 months agolinkfedilink If a currency is agreed upon being valid by multiple parties, I’d argue it is “real money”. That right there. The vast, vast majority of people don’t think it’s valid, therefore it’s not real money.
Destroying the environment and not even for real money
What makes it less real than other fiat currencies, if I may ask? If a currency is agreed upon being valid by multiple parties, I’d argue it is “real money”.
It’s a speculative asset, based on the bigger fool theory. You need to sell it for real money to pay your taxes.
That right there. The vast, vast majority of people don’t think it’s valid, therefore it’s not real money.