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Saturday, September 18, 2021

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kripto , crypto, bitcoin

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Domov Reddit Bitcoin mining actually uses less energy than traditional banking, new report claims

Bitcoin mining actually uses less energy than traditional banking, new report claims

Shhhhh Don’t point out such obvious flaws “hidden” by scale when it goes against my bias!

But really this. Is CRYPTO (note I’m not picking a specific one, I say this for all of it) on a good but long path to ACTUALLY being used as a CURRENCY (meaning you’re willing to buy gas and groceries with it because you’re not fearing a 100k price mark)? Yes I think so, but it’s still a ways out.

I’d argue that alt coins with “the maths” saying they have no chance of breaking -insert your $ mark per coin here- (but let’s say $10!)… Then even if you’re current coins are like $6-7 but would ‘max out” at $10, you’re way more likely to buy food or pay a friend with that coin than the ones that are “poised to reach 100k+”. So actually used as a CURRENCY not held for long term gains.

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