@[email protected] to [email protected]English • 4 months agoWhite House Says Gold Reserves May Be Used to Purchase Bitcoinfinance.yahoo.comexternal-linkmessage-square195fedilinkarrow-up1619cross-posted to: [email protected][email protected]
arrow-up1619external-linkWhite House Says Gold Reserves May Be Used to Purchase Bitcoinfinance.yahoo.com@[email protected] to [email protected]English • 4 months agomessage-square195fedilinkcross-posted to: [email protected][email protected]
minus-square@[email protected]linkfedilink25•4 months agoBitcoin doesn’t relate to coal that’s still unburnt. It’s more a certificate confirming a quantum of environmental destruction.
minus-square@[email protected]linkfedilink2•4 months agoThat’s probably a better way to put it yeah. And as fucked as it is, it is a fact that this does hold value and is backed by it. It’s just a pretty shit thing to be backed by ethically. But nonetheless, there is value in bitcoin, it’s just best we don’t encourage further investment in such a thing.
Bitcoin doesn’t relate to coal that’s still unburnt. It’s more a certificate confirming a quantum of environmental destruction.
That’s probably a better way to put it yeah.
And as fucked as it is, it is a fact that this does hold value and is backed by it.
It’s just a pretty shit thing to be backed by ethically.
But nonetheless, there is value in bitcoin, it’s just best we don’t encourage further investment in such a thing.