/biz/ - Business & Finance

>>52432765
>ROSE is one of the few tokinomics I can actually follow

Huh?

>>50135803

What happens to your money sitting in a fractional reserve system? Well, 9 multiples of it are loaned out to do things like build McChicken factories, and if 90% of all new businesses fail, what you are left with is a bunch of McChicken factories you can't do shit with. This "churn" is the financial economy falsely presented as the waste-free alternative.

>Bill McKibben: There’s this new data, new interesting study, out last week that I wrote about at
some length in The New Yorker, that demonstrates just how much carbon actually is contained in
your bank account. What they found was that if you keep $125,000 in the banking system in
America, it generates more carbon than all the things a normal American life does in the course
of a year. All your cooking, and heating, and flying, and driving, just because that money is
being used to leverage loans to build pipelines and so on and so forth. And that's why one of the
reasons so many people are joining in this pledge at Third Act to cut up their credit cards from
Chase and Citi and Wells Fargo and Bank of America at the end of the year to begin switching
accounts, that kind of thing. It's been very powerful to see how this new data is making it easier
for people to understand where they need to be pressing and pushing.

Its a complex issue, and my only motivation here is to convince you that bitcoin is not a problem in terms of "waste" of energy.

But, if your position is essentialist, basically, in other terms, that any bitcoin mining is not strictly justifiable in the sense of it being necessary (to end, arbitrarily, the contingent chain of assumptions implied by the essential premise, whatever "necessary" means) then you are not actually arguing with me, or vice versa.

I'm talking over your head; you are having a discussion better suited to psychotherapy ("Where did bitcoin touch you anon? How did you feel when you read the Pop-sci article about how bitcoin was destroying the climate?") etc.

>>25092526

>he bought?