Redditsux@lemmy.world to News@lemmy.worldEnglish · 8 days agoWhite House Says Gold Reserves May Be Used to Purchase Bitcoinfinance.yahoo.comexternal-linkmessage-square198fedilinkarrow-up1623arrow-down17file-text
arrow-up1616arrow-down1external-linkWhite House Says Gold Reserves May Be Used to Purchase Bitcoinfinance.yahoo.comRedditsux@lemmy.world to News@lemmy.worldEnglish · 8 days agomessage-square198fedilinkfile-text
minus-squarefutatorius@lemm.eelinkfedilinkarrow-up25arrow-down2·8 days agoBitcoin doesn’t relate to coal that’s still unburnt. It’s more a certificate confirming a quantum of environmental destruction.
minus-squarepixxelkick@lemmy.worldlinkfedilinkarrow-up2arrow-down2·7 days agoThat’s probably a better way to put it yeah. And as fucked as it is, it is a fact that this does hold value and is backed by it. It’s just a pretty shit thing to be backed by ethically. But nonetheless, there is value in bitcoin, it’s just best we don’t encourage further investment in such a thing.
Bitcoin doesn’t relate to coal that’s still unburnt. It’s more a certificate confirming a quantum of environmental destruction.
That’s probably a better way to put it yeah.
And as fucked as it is, it is a fact that this does hold value and is backed by it.
It’s just a pretty shit thing to be backed by ethically.
But nonetheless, there is value in bitcoin, it’s just best we don’t encourage further investment in such a thing.