We often mention the insane energy consumption of #bitcoin
, but not enough its insane electronic waste. Bitcoin eats 12 000 tons of custom hardware (useless for anything else) / year. This has a significant role in the current worldwide shortage on electronic components (wafers).https://twitter.com/davidgerard/status/1374302539919847425 …
-
-
This was a constant feature of life under a gold standard and Bitcoin weirdos actually sell the idea of a Second Great Depression that is global and permanent as a positive thing
-
You believe those horror stories because of recessions that happened under a fiat standard. Bitcoin's deflationary attributes wouldn't drive us into a great depression.
- Show replies
New conversation -
-
-
People never seem to remember the deflationary character of BTC, but it's super important. Also, I'm not sure how the market would react once all Bitcoin has been mined but I'd imagine there would be an abrupt collapse.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
I am sincere here