4 ms·

As opposed to fiat, which funds war and enormous waste via unrestrained printing....

• nyolfen 6y ago
  the petrodollar system is built on US military hegemony, with that military being the largest fossil fuel consuming entity in the largest fossil fuel consuming nation -- "the largest single institutional consumer of hydrocarbons in the world"[1], towards the end of making sure people buy oil with dollars. in a very real sense the value of the dollar is maintained by the fact that people have to buy oil with it. crypto is at least agnostic about what kind of energy you convert into it, and literally incentivizes renewables. [1] https://sci-hub.st/10.1111/tran.12319 https://sci-hub.st/10.1111/tran.12319
  • karpour 6y ago
    Great whataboutism, 10/10
    • nyolfen 6y ago
      https://www.wikiwand.com/en/Thought-terminating_clich%C3%A9 https://www.wikiwand.com/en/Thought-terminating_clich%C3%A9
      • karpour 6y ago
        The funny thing is, posting a link to this site without a comment is by all means also a Thought-terminating cliché!
• jlokier 6y ago
  Lol, if you think cryptocurrency doesn't fund war.
  • _red 6y ago
    Not by printing...
• BTCOG 6y ago
  And social media datacenters that are ruining democracy, causing thousands of suicides per year, using far more power, and causing plenty of mental illnesses/depression.