@Redditsux@lemmy.world to News@lemmy.worldEnglish • 7 days agoWhite House Says Gold Reserves May Be Used to Purchase Bitcoinfinance.yahoo.commessage-square198fedilinkarrow-up1623arrow-down17file-textcross-posted to: hackernews@lemmy.bestiver.se
arrow-up1616arrow-down1external-linkWhite House Says Gold Reserves May Be Used to Purchase Bitcoinfinance.yahoo.com@Redditsux@lemmy.world to News@lemmy.worldEnglish • 7 days agomessage-square198fedilinkfile-textcross-posted to: hackernews@lemmy.bestiver.se
minus-square@futatorius@lemm.eelinkfedilink23•7 days agoBitcoin doesn’t relate to coal that’s still unburnt. It’s more a certificate confirming a quantum of environmental destruction.
minus-square@pixxelkick@lemmy.worldlinkfedilink0•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.