• squaresinger@lemmy.world
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    3 days ago

    Ah, moving the goal posts, aren’t we?

    Did you know that gold has nothing to do with the fiat ecosystem? In fact, the whole point of the word fiat in fiat ecosystem means that it is not based on gold at all. And if you include gold in the equation because some people use fiat to buy or sell gold, then you need to include gold in the energy costs of bitcoin as well, since people also use bitcoin to buy/sell gold.

    • explodicle@sh.itjust.works
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      2 days ago

      They’re not moving the goalposts.

      How much does the entire banking and credit card industry contribute to emissions for almost the same service?

      The current systems used by VISA

      bitcoin ecosystem vs fiat ecosystem

      Ah, moving the goal posts, aren’t we?