Aug 11, 2021

2 min read

Bitcoin: Smart Currency Or Stupid?

Bitcoin is a constant energy drain (Photo by André François McKenzie on Unsplash)

Steve Cassidy mulls the energy consumption problem of cryptocurrencies

Schadenfreude — the German term for “pleasure at the discomfort of others” — seems to be an endlessly satisfying emotion. I certainly cheered up when I heard that, having moved $1.5 billion into Bitcoin, Elon Musk performed an almost literal volte-face.

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