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Just 137 crypto miners use 2.3% of total U.S. power — government now requiring commercial miners to report energy consumption (www.tomshardware.com)

submitted 10 months ago by [email protected] to c/[email protected]

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[–] [email protected] -2 points 10 months ago (2 children)

What makes it less real than other fiat currencies, if I may ask? If a currency is agreed upon being valid by multiple parties, I'd argue it is "real money".

[–] [email protected] 7 points 10 months ago

It’s a speculative asset, based on the bigger fool theory. You need to sell it for real money to pay your taxes.

[–] [email protected] 6 points 10 months ago

If a currency is agreed upon being valid by multiple parties, I'd argue it is "real money".

That right there. The vast, vast majority of people don't think it's valid, therefore it's not real money.