Quote:
Originally Posted by dino7c
Its certainly competing with gold as a store of value
BTC must be above 40k when the argument moves from I told you so its going to crash to zero to "but the environment"
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I have no idea whether the environment ends up being a problem for bitcoin, I was just pointing out how farcical it is to argue that you can compare bitcoins energy use with regular banking as if it could replace banks, bitcoin is the most banking system reliant store of value that we have ever seen, I can take a gold ring into the upper reaches of the Amazon a thousand miles from the nearest phone or internet connection and swap them with a complete stranger for a hotel room, a bottle of hooch and a hooker, that is why people buy Gold jewelry, get gold fillings in their teeth even, in a pinch you can trade it.