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Paid to whom? If it was created out of hot air, it would be a hell of a lot cheaper than it is now.
by rgrieselhuber 5y ago
Paid to whom? If it was created out of hot air, it would be a hell of a lot cheaper than it is now.
- HWR_14 5y agoBTC is quite literally made out of hot air. Burning coal to create hot air to spin turbines is the most common energy source for BTC mining. And "hot air" describes most of it's coals replacements as well.
- rgrieselhuber 5y agoAnd yet it still costs far less energy to mine Bitcoin than it does to sustain Petrodollars.
- okl 5y agoDo you have data for that comparison?
- ryan93 5y agoThe entire world economy runs on fiat dollars.
- HWR_14 5y agoYes, if in your analysis digging up fossil fuels to power the entire world infrastructure is just a side effect of sustaining the currency's core value. Good thing cars, airplanes and shipping have as much intrinsic value as waste heat.