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>In the long term, Bitcoin mining accelerates the development of abundant and cheap energy, which is not fossil fuels. It incentivises stealing electricity bec
by konjin 6y ago
>In the long term, Bitcoin mining accelerates the development of abundant and cheap energy, which is not fossil fuels.
It incentivises stealing electricity because you can't beat free.
- samvher 6y agoNot sure why this is downvoted. I have a friend whose primary reason for mining was that he shared his electricity bill with the restaurant downstairs so it was very profitable for him.
- konjin 6y agoSame reason why goldbugs votedown Gresham's law. It's not comfortable for someone to call out your world view, especially with centuries worth of observation to back it up.