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I'm not paying Bitcoin's energy bill. Bitcoin is paying its own bill, but the electric grid is a marketplace with a finite supply. So the people who own those c

I'm not paying Bitcoin's energy bill. Bitcoin is paying its own bill, but the electric grid is a marketplace with a finite supply. So the people who own those companies are raising the rates (supply and demand). Electricity, much like housing, should not be a place where regular folks can get priced out of the market by corporations. You just want me to be mad at bitcoin so I don't notice that the system itself is sadistic.

helen___keller 5y ago
> You just want me to be mad at bitcoin so I don't notice that the system itself is sadistic. More charitably: it’s easier and intellectually lazier to point at a bogeyman than to understand and explain structural issues Same happens in housing wrt furor over gentrification and luxury housing. Blame the rich foreign investors and tech bros instead of the structure of the marketplace and enforced scarcity of the zoning system!
sumeno 5y ago
Since the electric grid has a finite supply, you have to eliminate usage somehow. If usage isn’t being eliminated via higher prices maybe we should just get rid of the “currency” that consumes the power of a small country and serves no purpose outside crime and speculation.