- 22 Jun 2021 07:33
#15177737
https://www.bbc.co.uk/news/business-57549543
Forget politics for one second. This is great news that the West should follow up on. I am not against the concept of Crypocurrencies, but they are currently inefficient, energy consuming, corruption enticing, gullible entrenching, digital nothingness that has the potential of harming the stabilisation of the financial institutions as a dumping ground during a Covid recovery as people could look into feeding this Ponzi during times of inflation. So if we don't do an El Salvador and do a China and actually disregard these digital "nothingness" and stop them having a trading platform now, we can not only solve some of the current carbon footprint we are seeing by computers only operating to mine this bullshit, but we also cease any chance of blowing this bubble up further as they really do become pointless as they have no opportunity to be used as a medium of exchange. Plus, we also see people like Colliric lose money during months of him trying to pump and run so he can profit from the pyramid. A win win in anyones books.
Forget politics for one second. This is great news that the West should follow up on. I am not against the concept of Crypocurrencies, but they are currently inefficient, energy consuming, corruption enticing, gullible entrenching, digital nothingness that has the potential of harming the stabilisation of the financial institutions as a dumping ground during a Covid recovery as people could look into feeding this Ponzi during times of inflation. So if we don't do an El Salvador and do a China and actually disregard these digital "nothingness" and stop them having a trading platform now, we can not only solve some of the current carbon footprint we are seeing by computers only operating to mine this bullshit, but we also cease any chance of blowing this bubble up further as they really do become pointless as they have no opportunity to be used as a medium of exchange. Plus, we also see people like Colliric lose money during months of him trying to pump and run so he can profit from the pyramid. A win win in anyones books.