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AZJonnie

(2,475 posts)

6. It's worse than that because every "coin" exists purely because energy was profligately WASTED

Reply to get the red out (Reply #5)

Tue Dec 2, 2025, 05:11 PM

13 hrs ago

instead of being put to use making something of actual value. It's literally destroying something valuable and then declaring that destruction itself is inherently valuable. It's like declaring your house has gone up in value because you burned it to ground, IOW.

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WSHazel MrsCheaplaugh

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Highlight:

Bitcoin Rout Picks Up Steam as Investors Fret Over a New 'Crypto Winter' [View all] Yo_Mama_Been_Loggin 14 hrs ago OP

Price right now is $91.5k up 6% awesomerwb1 14 hrs ago #1

Yes, as with any of these financial stories one day makes a big difference fujiyamasan 14 hrs ago #2

Yes, true awesomerwb1 14 hrs ago #3

Owning crypto is simply buying correlated volatility WSHazel 13 hrs ago #7

You might as well add gold, silver, etc. too. They don't generate anything either other than what people think it's SWBTATTReg 13 hrs ago #8

Gold and silver have always had inherent value RazorbackExpat 7 hrs ago #13

If I had my way its value would plummet to $0, and everyone who created it would be brought up on counterfeiting charges AZJonnie 14 hrs ago #4

I think of these "coins" as similar to Monopoly money get the red out 14 hrs ago #5

It's worse than that because every "coin" exists purely because energy was profligately WASTED AZJonnie 13 hrs ago #6

Anything mined before 2018 used very little energy... WarGamer 12 hrs ago #10

Fair enough but more recently it's usage is about the level of Poland, Norway, or Australia AZJonnie 10 hrs ago #12

I remember when it went from 60k to 20k... WarGamer 12 hrs ago #9

This is the currency our tech bro billionaires want to replace the American dollar. Midnight Writer 11 hrs ago #11