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"Passion and theology may sound odd put into the same sentence. But…if theology does not lead to passion about and for God it is useless. —J.I. Packer"

Bitcoin and a Lesson in Electricity Markets

Aggregator by Aggregator
May 3, 2021
in Finance
Bitcoin and a Lesson in Electricity Markets
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In their desperation to find a reason for why bitcoin is terrible-bad-destructive-awful and morally reprehensible, the crypto-obsessed authors of the Financial Times blog Alphaville – Jemima Kelly, Jamie Powell, Izabella Kaminska – are quickly running out of good choices.

Their latest one is the “environmental FUD” – a classic in our world of environmentally obsessed elites, where anything remotely associated with The Climate ensures moral supremacy. If all else fails, guilt-by-association will not. So, complain away about the environmental impact from the energy used by the Bitcoin network’s nodes and miners. 

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Source: AIER
Tags: bitcoincontrolenergyfinancemarketsstatism
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