• boonhet@lemm.ee
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    4 days ago

    Congratulations, you’ve stumbled upon the one place where cryptobros would have a point if they weren’t mostly trying to make their “currencies” be investments rather than actual currencies.

      • leftzero@lemmynsfw.com
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        4 days ago

        is backed by the energy used to generate it

        No it’s not. That energy is lost as heat. There’s no way to get it back. That’s basic thermodynamics.

        It’s just a pyramid scheme, like all cryptocurrencies.