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It assumes the value of Bitcoin is in the mining of new coins. The network also has value as a ledger to record transfers of Bitcoin (billions per day) which co
by random5634 6y ago
It assumes the value of Bitcoin is in the mining of new coins. The network also has value as a ledger to record transfers of Bitcoin (billions per day) which contributes to the value of the network
The analysis can be generalized to say anything that uses 0.05 electricity creates these large harms. Perhaps true, but it’s not going to be unique to Bitcoin
- effie 6y agoThis. This bad argument about value of cryptocurrencies being mining, lack of perspective and policy proposals in the paper are the most obvious signs of bias.