▲ 989 ▼ Just 137 crypto miners use 2.3% of total U.S. power — government now requiring commercial miners to report energy consumption (www.tomshardware.com) submitted 2 years ago by misk@sopuli.xyz to c/technology@lemmy.world 359 comments fedilink hide all child comments
[–] PanArab@lemmy.world 26 points 2 years ago (1 child) Destroying the environment and not even for real money permalink fedilink source hideshow 2 child comments replies: [–] pirat@lemmy.world -2 points 2 years ago (2 children) 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". permalink fedilink source parent hideshow 4 child comments replies: [–] PanArab@lemmy.world 7 points 2 years ago It’s a speculative asset, based on the bigger fool theory. You need to sell it for real money to pay your taxes. permalink fedilink source parent [–] n2burns@lemmy.ca 6 points 2 years ago 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. permalink fedilink source parent
[–] pirat@lemmy.world -2 points 2 years ago (2 children) 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". permalink fedilink source parent hideshow 4 child comments replies: [–] PanArab@lemmy.world 7 points 2 years ago It’s a speculative asset, based on the bigger fool theory. You need to sell it for real money to pay your taxes. permalink fedilink source parent [–] n2burns@lemmy.ca 6 points 2 years ago 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. permalink fedilink source parent
[–] PanArab@lemmy.world 7 points 2 years ago It’s a speculative asset, based on the bigger fool theory. You need to sell it for real money to pay your taxes. permalink fedilink source parent
[–] n2burns@lemmy.ca 6 points 2 years ago 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. permalink fedilink source parent