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 …
-
-
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.
-
The recessions that occur under fiat systems, while certainly bad, are nothing compared to the ones we had when currency was backed. Prior to the Great Depression we had truly awful cyclical depressions, as depicted in The Jungle, for example.
End of conversation
New conversation -
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