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While I understand the argument that mining cryptocurrencies is a waste of energy, I don't understand why cryptocurrencies are any worse than keeping money in a
by Sean1708 9y ago
While I understand the argument that mining cryptocurrencies is a waste of energy, I don't understand why cryptocurrencies are any worse than keeping money in a bank. Do you keep all your money as cash? Am I missing something?
- disgusting_guy 9y agoMoney kept in the bank is guaranteed by your government to retain (some) value; it is backed by the economy of your country. Bitcoin is not backed by anything other than speculation on implied value