Op-Ed | Cryptocurrencies like Bitcoin Consume Significantly Less Resources than Fiat Money


Earlier this week, I wrote on social media that it costs significantly less energy to produce cryptocurrencies like bitcoin and Ethereum. The responses were, “that’s not true, once fiat money is created, no additional energy is required.” Bitcoin and cryptocurrency have an energy problem? People at the FED don’t sit around painting Benjamin Franklin all

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Posted by Joseph Young on May 26, 2018 @ https://www.ccn.com/op-ed-cryptocurrencies-like-bitcoin-consume-significantly-less-resources-than-fiat-money/

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