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Paint on a canvas doesn't waste the same amount of electricity as the country of Argentina.
by Tijdreiziger 6y ago
Paint on a canvas doesn't waste the same amount of electricity as the country of Argentina.
- hntrader 6y agoThat's a negative externality which doesn't pertain to how valid the current valuation is, which is the subject I was addressing. Externalities by definition don't feature into the price, although perhaps they do only to a very small extent in the case of BTC because of political/regulation risks leading to a risk premium effect.