@[email protected] to [email protected]English • 2 years agoJust 137 crypto miners use 2.3% of total U.S. power — government now requiring commercial miners to report energy consumptionwww.tomshardware.comexternal-linkmessage-square311fedilinkarrow-up11.02Kcross-posted to: [email protected]
arrow-up11.02Kexternal-linkJust 137 crypto miners use 2.3% of total U.S. power — government now requiring commercial miners to report energy consumptionwww.tomshardware.com@[email protected] to [email protected]English • 2 years agomessage-square311fedilinkcross-posted to: [email protected]
minus-square@[email protected]linkfedilinkEnglish5•2 years agoWhat 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 النهرlinkfedilinkEnglish7•2 years agoIt’s a speculative asset, based on the bigger fool theory. You need to sell it for real money to pay your taxes.
minus-square@[email protected]linkfedilinkEnglish6•2 years ago 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.
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.