On: El Salvador adopts Bitcoin as official currency, first country to do so

[rgrieselhuber]

Paid to whom? If it was created out of hot air, it would be a hell of a lot cheaper than it is now.

[HWR_14 → rgrieselhuber]

BTC is quite literally made out of hot air. Burning coal to create hot air to spin turbines is the most common energy source for BTC mining. And "hot air" describes most of it's coals replacements as well.

[rgrieselhuber → HWR_14]

And yet it still costs far less energy to mine Bitcoin than it does to sustain Petrodollars.

[HWR_14 → rgrieselhuber]

Yes, if in your analysis digging up fossil fuels to power the entire world infrastructure is just a side effect of sustaining the currency's core value. Good thing cars, airplanes and shipping have as much intrinsic value as waste heat.

[okl → rgrieselhuber]

Do you have data for that comparison?

[ryan93 → rgrieselhuber]

The entire world economy runs on fiat dollars.