misk@sopuli.xyz to Technology@lemmy.worldEnglish · 5 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-square63fedilinkarrow-up11arrow-down11cross-posted to: technology@lemmy.world
arrow-up10arrow-down1external-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 · 5 months agomessage-square63fedilinkcross-posted to: technology@lemmy.world
minus-squarekautau@lemmy.worldlinkfedilinkEnglisharrow-up0·5 months agoProbably not thinking about it on his yacht that he doesn’t pilot or maintain, having built the most successful grifter scheme of all time
minus-squareNιƙƙιDιɱҽʂ@lemmy.worldlinkfedilinkEnglisharrow-up0·edit-25 months agoI feel like calling bitcoin a grifter scheme is kind of like calling fiat currency (edit: in general) a grifter scheme. Which I guess isn’t entirely untrue…
minus-squareEcho Dot@feddit.uklinkfedilinkEnglisharrow-up1·5 months agoOh not this again. Crypto is also fiat. It’s backed by nothing except the trust that it exists, therefore it’s fiat.
Probably not thinking about it on his yacht that he doesn’t pilot or maintain, having built the most successful grifter scheme of all time
I feel like calling bitcoin a grifter scheme is kind of like calling fiat currency (edit: in general) a grifter scheme. Which I guess isn’t entirely untrue…
Oh not this again.
Crypto is also fiat. It’s backed by nothing except the trust that it exists, therefore it’s fiat.