HubertManne comments on Bitcoin mining is no longer profitable

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[–] HubertManne@piefed.social 41 points 1 year ago (3 children)

this is what im always trying to get people to understand. bitcoin is programmed to take more resources to artificially increase in value. its why its so horrible for the environment and why it could never really be used as a currency. Now other coins fix this issue but bitcoin tends to be popular because its fixed. Some even do useful work like gridcoin.

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[–] slacktoid@lemmy.ml 20 points 1 year ago (2 children)

Libertarian economic theory failing in front of our very eyes

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[–] PoPoP@lemm.ee 3 points 1 year ago (1 child)

At this point, if we were smart, we would recognize that this thing is going nowhere and leverage it to drive the renewables market. The planet will be sterile before any revolution happens. Capitalism is another thing that is going nowhere. But you can fold it in on itself to trick it into actually doing something good for a change.

Gotta play the hand you're dealt.

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[–] slacktoid@lemmy.ml 1 point 1 year ago

Agreed. Sometimes we need to coopt the tools and language of the oppressor to get closer to the revolution

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