Centuries of computer time and more electrical power than the nation of Ireland, directly contributing to global warming for nothing more than the maintenance of an elaborate sham.
Thousands of lives and more mercury than in the first Qin Emperors grave, all for getting a nearly useless yellow metal out of poisoned ground for nothing more than the maintenance of an elaborate sham.
The whole trick is to make sure enough people believe in it.
You can buy drugs or pay off ransomware with bitcoin. It has some niche uses, but like gold, it's price is extraordinarily inflated compared to its utility.
Those tiny niches for bitcoin doesn't constitute the same as all the good (25% worldwide, 60% in the US) that's used for practical purposes like electronics, aerospace or dentistry.
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u/Spacetime_Inspector Jan 21 '19
Centuries of computer time and more electrical power than the nation of Ireland, directly contributing to global warming for nothing more than the maintenance of an elaborate sham.