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.

completely fiat

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

Sounds like there's no redpilling required.