“A dollar bill also has no use other than what people are willing to pay for it. “??!?!? Incredible. What about the federal, state and local governments in the US, which will send you to jail if you don’t pay your taxes each year using US dollars.
Meanwhile, bitcoin mining firms are engaged in some sort of perverse arbitrage, wasting hundreds of dollars worth of power to generate a single unit of this fantasy currency. We’ll soon have to build new power plants dedicated solely to powering the legions of these overzealous enterprises, wasting tons of scarce resources in the real world and polluting our environment, all so anti-government fetishists and criminal lowlifes can engage in such folly. I can’t wait for this tulip currency to crash down to the ground, taking those douchey Winklevii with them.
Head up your ass. So quick to criticise
BTC as detrimental to the environment. The amount of fossil based fuel spent by the Secret Service and the US Treasury to stop counterfitting and print paper money and mint coins exceeds the total energy usage by the entire Bitcoin network - and that's just for the US. Now imagine how much money is spent by governments worldwide? I'm sure it's a magnitude larger than all the crypto power combined.
Go eat a tulip.
