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The only thing you're investing in is the wasting of the worlds energy supply. At best it's speculative.
by overcast 6y ago
The only thing you're investing in is the wasting of the worlds energy supply. At best it's speculative.
- didibus 6y agoAll investment is speculative, you hope that the asset you acquire with your money is worth more in the future. With Crypto, you hope that the coins you acquire from it are worth more in the future. Same thing. Energy requirements of Bitcoin are a technical limitation, but as proof of stake is trying, that might just be a matter of time till it's minimized. Similarly, physical settlements today is also costly, moving real physical dollar bills across borders obviously comes with its own energy expenditure. So I don't know which one is wasting more.
- overcast 6y agoIt's not the same thing. When I invest in Apple, I'm in investing in a company, its people, and a product I use daily for work and pleasure. What does Bitcoin provide beyond the speculative nature of it? It's certainly not for making purchases when its value swings double digit percentages.