Message from @LotheronPrime
Discord ID: 426143995257815059
I'm not certain that cryptocurrency is a waste of resources. I think it's overrated, but not a true waste.
it uses power ina s tupid way
its a waste of resources
the same people that are all about global warming are using electricity at an alarming rate to create fiat currency
awt
Bitcoin is functional as a global decentralized currency. ~~Like cocaine.~~
twa
cocaine has a purpose outside of being a currency
bitcoin does not
its fiat
its a figment of peoples imagination
Bitcoin only has value because people say it has value.
So does the USD.
that's what fiat means
the USD is back by the US Goverment, Bitcoin is backed by?
If I remember, USD is based off of the value of a real world product, in this case oil.
nope, its fiat
was on gold standard, now is not
oil IS traded is USD but that's the only relationship that I'm aware of
Ah. I knew is *was* gold, but thought they changed it to oil.
Essentially, Bitcoin is 100% backed by world currencies, up until such a point that the owners of those currencies legislate it into irrelevance.
I definitely see the argument for it being a waste of resources, that's why my argument is that it's overrated, but not completely a waste.
its a waste of resources
It's also volatile if/when the world turns on it.
it would be better to suddenly delcare green beans the same value at BTC
that way at least you could feed people
😄
lol
andt he only energy used is sun energy
well until you have underground green bean production using grow lights, but then that's another story altogether
It uses a lot more energy than just the sun.
How do you power the irrigation system?
How do you create the pipes for said irrigation system
How are you going about harvesting?
Are you using a tractor? What of the fuel, and manufacturing costs, including energy used to obtain the raw materials.
And that's not even factoring in ~~manpower.~~ peoplepower
Also, transportation of the product, but for this example, growth of green beans as currency, that can be ignored.
The amount of energy required for production of ANYTHING, worthwhile or not, is pretty staggering.
Also, as a side note, this is a good indicator as to why free market capitalism is the most natural way to do things.
ok guys redpill me on the hiring process because all i see is a bunch of cunts hiring people based on skin colour to show everyone how diverse their corporation is