3 ms·
BTC and crypto merely is a price discovery mechanism for the demand for energy consumption (as they act as a proof of energy). As such, it is not itself the di
by solmag 5y ago
BTC and crypto merely is a price discovery mechanism for the demand for energy consumption (as they act as a proof of energy).
As such, it is not itself the disaster, rather than the first unobstructed signal of some underlying cause (inflation).
- jlokier 5y agoBTC is clearly adding a lot of energy consumption that would otherwise not occur. I don't think you can handwave away that elephant in room as mere price discovery or "signal of inflation". It's one of the purest causes of energy consumption inflation in the world right now.