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The harm is not limited to you. Electricity shortages: https://www.cnbc.com/2021/05/26/iran-bans-bitcoin-mining-as-its-cities-suffer-blackouts.html https://www
by ArkanExplorer 5y ago
The harm is not limited to you.
Electricity shortages: https://www.cnbc.com/2021/05/26/iran-bans-bitcoin-mining-as-its-cities-suffer-blackouts.html https://www.cnbc.com/2021/05/26/iran-bans-bitcoin-mining-as-...
Chip shortages: https://www.fxempire.com/forecasts/article/bitcoin-mining-adds-to-existing-shortage-in-semiconductor-market-chip-prices-surge-712458 https://www.fxempire.com/forecasts/article/bitcoin-mining-ad...
Ransomware: https://www.marketwatch.com/story/bitcoin-extortion-how-cryptocurrency-has-enabled-a-massive-surge-in-ransomware-attacks-11621022496 https://www.marketwatch.com/story/bitcoin-extortion-how-cryp...
In terms of overall negative impacts, crypto is worse than ponzi schemes and online gambling.
- codehalo 5y agoYeah, all the problems of the world are due to bitcoin and cryptocurrencies. Embarrassingly, more than a decade in, HN is still struggling with it. I don't consider harmful, I consider it a godsend. Ten years ago, I knew HN was wrong, it will still be wrong in a decade.