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The "unit" of value backing the US dollar has dimensions that you can't factor into a meaningful comparison here; any comparison you do make is going to result
by woodruffw 4y ago
The "unit" of value backing the US dollar has dimensions that you can't factor into a meaningful comparison here; any comparison you do make is going to result in nonsense answers, regardless of your opinion of Bitcoin's value.
Bitcoin does indeed use power where it's cheap[1]. The argument that justifies Bitcoin's use of renewables needs to account for Bitcoin's concurrent prolongment of nonreneweables.
[1]: https://www.sierraclub.org/sierra/2022-1-spring/notes-here-there/crypto-throws-coal-industry-lifeline https://www.sierraclub.org/sierra/2022-1-spring/notes-here-t...