they aren't. ask yourself, what makes you think they are?https://twitter.com/gladstein/status/1365707876845592579 …
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This is why Bitcoin is pernicious, it's a meaningless token with *no underlying value* and *no legal rights or guarantees bestowed on the holder* And it does not *store* energy or *contain* energy the way ridiculous statements like this imply it does It simply *uses* energy
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Every new Bitcoin mined and every Bitcoin transaction *burns up stored physical energy* that is irretrievably lost and can never be used again as a result Second Law of Thermodynamics, Mr. Scientist -- all it does is rapidly increase the entropy of the system
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And you certainly can’t make a toilet out of it
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Which currencies are still backed by gold ? If you think so... cc
@ARKInvestpic.twitter.com/9veMyylQ9z
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Almost all of the energy used by the right-hand bar is used for the basic functions of "banking" as a social activity that have *nothing to do* with Bitcoin mining's function of "money creation" The *creation* of fiat currency takes almost no energy at all, that's the point
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