White House Says Gold Reserves May Be Used to Purchase Bitcoin
White House Says Gold Reserves May Be Used to Purchase Bitcoin
cross-posted from: https://lemmy.bestiver.se/post/289657
The correct thing to do is ban all the digital coins.
All they used for is tax avoidance. While raising electric bills
Decent digital currency wouldnt use much electricity and would stop hyperinflation occuring in countries experiencing extreme issues. Being that taxes are standardly on income and sales, where is it you are saying they are dodging taxes? (Bitcoin isn't a good digital currency, but neither should a decent one be run by the country)
Which one is decent?
They all are based on ideas that it takes a lot of resources to produce it
Ethereum is probably the most well-known of the ‘proof-of-stake’ cryptocurrencies, which don’t require massive resources in order to generate/validate transactions. It made the switch back in 2022 I think?
Ether doesn't use power (or like, very much) and it's what a lot of other chains are based off of.
Why do I need it for? Drugs and porn purchases?
And bar people who rely on anonymous payments for their HRT or psychedelic therapy?
