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Trump Turns Bitcoin Into Test of Patriotism
(gizmodo.com)
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this post was submitted on 12 Jun 2024
244 points (91.8% liked)
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Didn't COMMUNIST China ban it mostly because it was putting strain on their grid? Not sure how wasting states worth of electricity to fuel a glorified ponzi scheme is going to help with energy dominance but who am I to question the self-proclaimed genius.
Just tell him the only way to mine it is with windmill power. He'll change his tune.
They banned exchanges because people were able to move their wealth out of China
I just... I... what goes through this man's head? Why is literally every sentence he spews completed bullshit? And why do so many people fall for it?
he's propped up by like 7 billionaires with media companies and a lot of editing.
Adolph Hitler, Mein Kampf
Yeah it's telling that this grifter is talking about Bitcoin when most other cryptos are massively more efficient. Even within crypto bitcoin is an obsolete technology. This is more for the like coal sector than crypto.
Yes, some of the biggest crypto providers are de facto chinese. They trade big time, always have. When techno idealists in the west were still discussing Bitcoin as a free currency over a decade ago, china already ran gigantic crypto miner farms and saw it only as a speculative asset. They knew from the very first day it‘s not about using crypto, but making money trading and holding it.