Comment on Just 137 crypto miners use 2.3% of total U.S. power — government now requiring commercial miners to report energy consumption
PanArab@lemmy.world 9 months ago
Destroying the environment and not even for real money
What makes it less real than other fiat currencies, if I may ask? If a currency is agreed upon being valid by multiple parties, I’d argue it is “real money”.
It’s a speculative asset, based on the bigger fool theory. You need to sell it for real money to pay your taxes.
If a currency is agreed upon being valid by multiple parties, I’d argue it is “real money”.
That right there. The vast, vast majority of people don’t think it’s valid, therefore it’s not real money.
pirat@lemmy.world 9 months ago
What makes it less real than other fiat currencies, if I may ask? If a currency is agreed upon being valid by multiple parties, I’d argue it is “real money”.
PanArab@lemmy.world 9 months ago
It’s a speculative asset, based on the bigger fool theory. You need to sell it for real money to pay your taxes.
n2burns@lemmy.ca 9 months ago
That right there. The vast, vast majority of people don’t think it’s valid, therefore it’s not real money.