Cryptocurrencies operate as their own universe, which is only loosely tied to the real world's "good news" and "bad news". In either direction. Which makes it risky to bet against. At least Balaji paid out on his ridiculous hyperinflation bet.
> the cost of sustaining Bitcoin's energy burn look like the cheap option
No, this needs to have the plug pulled on it if we're to keep global warming to 2C.
> the cost of sustaining Bitcoin's energy burn look like the cheap option
No, this needs to have the plug pulled on it if we're to keep global warming to 2C.