Is Bitcoin a scam run by the energy utility monopolies? 1% of the world's power is used just to mine Bitcoins. Trump says it's a scam. Elon has condemned the waste. If Bitcoin crashes to $0, the only ones who come out ahead (besides lucky traders) are the energy companies.
(www.thebalance.com)
Speculation
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In the energy market, 1% is exactly 745 gorillajizzillion dollars.
In the energy market, 1% is a small part of what is lost through inefficiency.
Yeah, and it's still 745 gorillajizzillion dollars.