I tell you what, next time I get a power outage I'll plug the kettle into some gold and see if I can get it to boil some water.
I like the bitcoin = internet 2.0 comparison. But I also like that I can surf the web at minimal cost without owning a piece of it...
As long as they don't need power to heat it then I guess you're right. I'd probably just use cash anyway.
China BITCOIN EMPIRE threatens climate targets? China’s VAST crypto-mining operations are endangering Beijing’s efforts to go carbon-neutral by 2060. As things stand, China: - Powers 80% of global blockchain operations - Will produce over 130 MILLION tons of carbon emissions by 2024 - equivalent to total output of Italy or Saudi Arabia - Uses coal to power 40% of its Bitcoin mines Will cheaper clean-energy prices be enough to make China green? Or will Greta just have to buy into crypto??? t.me/rtintl
"While the exact reason for the sudden crash is unknown, the market mood may have soured due to rumors that the U.S. Treasury is planning to charge several financial institutions for money laundering using cryptocurrencies. CoinDesk has been unable to independently verify any pending government action." Speculation on what is causing the sudden crash this Sunday the 18th of April, after the Doge rocket ran out of fuel. Source: https://www.coindesk.com/bitcoin-price-falls-8k-to-3-week-low-altcoins-crash Edit. I think this is the spark which sets off the recent crash. Whales probably using the bad news to shake out those leveraged too highly.
Definition of Crash from Investopia (definitely not gold standard) "A crash is a sudden and significant decline in the value of a market." No definition of significant What other word would you use to describe perhaps. "Today's Downward blip" "correction" From Coinmarket cap "The global crypto market cap is $2.05T, a 9.63% decrease over the last day"