misk@sopuli.xyz to Technology@lemmy.worldEnglish · 9 months agoJust 137 crypto miners use 2.3% of total U.S. power — government now requiring commercial miners to report energy consumptionwww.tomshardware.comexternal-linkmessage-square360fedilinkarrow-up11.02Kcross-posted to: hackernews@lemmy.smeargle.fanstechnology@lemmy.world
arrow-up11.02Kexternal-linkJust 137 crypto miners use 2.3% of total U.S. power — government now requiring commercial miners to report energy consumptionwww.tomshardware.commisk@sopuli.xyz to Technology@lemmy.worldEnglish · 9 months agomessage-square360fedilinkcross-posted to: hackernews@lemmy.smeargle.fanstechnology@lemmy.world
minus-squarepirat@lemmy.worldlinkfedilinkEnglisharrow-up5·9 months agoWhat 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”.
minus-squareمن البحر إلى النهر@lemmy.worldlinkfedilinkEnglisharrow-up7·9 months agoIt’s a speculative asset, based on the bigger fool theory. You need to sell it for real money to pay your taxes.
minus-squaren2burns@lemmy.calinkfedilinkEnglisharrow-up6·9 months 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.
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.
That right there. The vast, vast majority of people don’t think it’s valid, therefore it’s not real money.