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RE: Hive Subsidized Debt

in LeoFinance2 years ago

I totally understand what you're saying, and the DHF and Hive printing/inflation is clearly superior here.

I'd push back a little on your summary of the Govt though. The Govt does control the money doesn't it? The US Govt printed trillions for the Covid PPP loans for example. The tax collected in the US is miniscule compared to Government spending, and my understanding was that it's main purpose was to force its citizens to use USD for at least that. Regardless, it doesn't really matter, your point on the DHF is excellent.

Is the propaganda lying about coal plants? They deaths they cause from their pollutants is huge... and heat is extremely hard to move. So much heat energy is lost in the coal mining process, the whole reason the coal plants are used to generate electricity (to heat homes for example) is because electricity travels so well and heat does not.

Under capitalism, Bitcoin miners are always going to go for the cheapest power, regardless of how it's generated.

I love the idea of everyone heating their homes with Bitcoin miners, but I'm not sure how plausible or likely that is. I'd say it's possibly more likely that battery makers build miners in to use excess power when batteries are full from solar, etc.

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Yea I’d push back much more then a little myself. This is getting ridiculous is my take.

“ I'd push back a little on your summary of the Govt though “