The president-elect wrote that the coalition of non-Western countries “should expect to say goodbye to selling into the wonderful U.S. Economy” if it backs a currency other than the U.S. dollar.
    • leftzero@lemmynsfw.com
      101·
      3 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.