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Tesla is currently using it as a hedge against real inflation. >From all appearances, from the time that Bitcoin was created, the net effect on society has bee
by TheBlight 6y ago
Tesla is currently using it as a hedge against real inflation.
>From all appearances, from the time that Bitcoin was created, the net effect on society has been negative.
Citations needed.
- ggggtez 6y ago> https://www.forbes.com/sites/andreatinianow/2020/07/01/bitcoin-demand-drives-14-billion-ransomware-industry-in-the-us/?sh=7f711ddb32d8 https://www.forbes.com/sites/andreatinianow/2020/07/01/bitco... 1.4 billion dollars of Ransomware vs a private company using it as a way to shuffle money around. I don't think you'll find it easy to convince me that Tesla playing games with their private assets has actually yielded any "good" in the world. The impetus is on the bitcoin apologists to show why the ransomware industry and environmental impact is worth all the damage. Where is the positive impact?
- scatters 6y agoIf Tesla wanted to hedge against inflation they'd be buying tips. But that wouldn't get them fawning headlines.