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[–] 21 points 2 years ago (5 children)

Bitcoin is backed by the price of coal.

For all intents and purposes, bitcoin is effectively minted coal.

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  • [+] 23 points 2 years ago* (last edited 1 year ago) (1 child)
  • [–] 0 points 2 years ago

    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.

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