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Your response comes from a.... perspective on economics that makes no sense to me. It's irrelevant if others have more bitcoin... if I am getting a loan, I'm ce
by rothbardrand 9y ago
Your response comes from a.... perspective on economics that makes no sense to me. It's irrelevant if others have more bitcoin... if I am getting a loan, I'm certainly going to get it in the US dollar which has already lost %99.99 of its value.... cause I can pay it back in even more worthless dollars down the road.
In fact, my car loan's interest rate is below the rate of real inflation--- glad I bought bitcoin instead of paying cash!
You can't provide any evidence that we waste any energy on securing the block chain, in fact, the market value of bitcoin makes mining profitable, proving you wrong.... further, you ignore the cost of fiat currencies which are several orders of magnitude higher, including in energy usage.