Comment on Over 2 percent of the US’s electricity generation now goes to bitcoin

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Sanyanov@lemmy.world ⁨9⁩ ⁨months⁩ ago

That’s a job of central banks, and they normally manage it well enough. Sure, crypto offers more reliability on that front by making it impossible to control emission. But at the same time, this means money can’t be printed when it would be highly beneficial for the economy, for example when recovering from economic crisis. At the end of the day, the fiat emission is agile for good reasons.

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