3 ms·
> but treating it as gold I have reservations on since a lot of corrupt gangs and regimes are currently using it as a method of payment and laundering (includin
by RestlessMind 3y ago
> but treating it as gold I have reservations on since a lot of corrupt gangs and regimes are currently using it as a method of payment and laundering (including North Korea), as well as it being a huge drain on the world's energy supply due to mining energy needs.
You do realize that being a great store of value is orthogonal to criminals using it or its energy consumption, right? Criminals also use USD bills, far more than they use bitcoin. Are you going to claim that USD is not a great store of value for poor countries then?