Bitcoin
Out of context: Reply #1999
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"The Bloomberg columnist Noah Smith has a lot of thoughts on Bitcoin. Some of them are really solid and engage with the reality of the protocol itself, which is rare for a member of the mainstream media circuit. He also discloses that he owns Bitcoin, which is impressive for an economist and a member of the establishment. So I’m pretty happy with him overall. I don’t want this piece to be interpreted as a blanket critique of Noah’s stance on Bitcoin. However, Noah’s recent column in Bloomberg, Bitcoin Miners are on a Path to Self-Destruction, makes a few claims that warrant a response.
Noah’s basic premise is that Bitcoin miners are effectively hogging the grid in the various places where they operate and risk getting banned entirely. Not only is the notion of a global coordinated ban on mining far fetched, but Noah relies on a few claims that are dubious at best. Let’s investigate."- https://cbeci.org/mi…... umm... 65% of BTC's hashrate is in China... he sorta has a pointjonny_quest_lives