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Never mind RMB. The same can be done with dollars. Why does your building use so much power? Must be those cloud computers. Oh, not very profitable? That’s tech

by ttul 8y ago

Never mind RMB. The same can be done with dollars. Why does your building use so much power? Must be those cloud computers. Oh, not very profitable? That’s technology...

deleted 8y ago
[deleted]
wahern 8y ago
Because (1) China subsidizes power production but (2) enforces currency controls. Bitcoin conveniently allows you to arbitrage the power subsidies and circumvent the currency controls in a single scheme.