Coiners/cryptoenthusiasts need to give up the ghost on the energy argument--even if you're up to date on the Xinjiang/Sichuan miner migrations, it doesn't change that BTC intrinsically uses a ton of power to generate block reward. Be a realist, y'all just look silly!
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I think specifically I mean that there is actually some incentive on the margin in an increased output environment to say how can we more dynamically improve efficiency on energy use but you’re right people can’t in good faith accept there is an objective Level problem mainly
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And like as an asset class, it’s unclear if there is any way to put the genie back in the bottle and stop production of cryptocurrencies evenly globally, and ARK and other bulls accept this view, even if there is whole range of other potential regulatory outcomes which are bad
End of conversation
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