The crypto industry is making its mark on this year’s elections to the tune of some $119 million.
The funding has largely come from two companies — Coinbase and Ripple — which are funneling money into super PACs like Fairshake PAC, which is dedicated to “elevating pro-crypto candidates and attacking crypto skeptics,” according to Public Citizen.
At the 2024 bitcoin conference in Nashville in February, Trump — who called bitcoin “highly volatile and based on thin air” in 2019 — said he’d lay out a plan “to ensure that the United States will be the crypto capital of the planet and the bitcoin superpower of the world.” Trump has already won the backing of several crypto enthusiasts, including his running mate JD Vance, who owns at least $250,000 in bitcoin.
I was referencing the FIAT system. I’m sure you’ll agree there’s much more blood cost (in terms of lives ruined and indirect life lost), although it’s harder to directly relate.
dang bro, its a good thing crypto solves any of the problems with fiat currency and doesn’t introduce a bunch of new ones like reliance on data centers, power and water requirements, long transaction times and it becomes useless when you lose network connection.
I do agree but imo the power consumption is a flaw of Bitcoin and should have been addressed upfront. There has to be a better way.
Etherium and proof of stake instead of proof of work
They’re not intelligent enough to realize their arguments are outdated.
how is proof of stake not an easy target for regulators and how is that model significantly different than a very slow credit card transaction?
Way less power consumption as it doesn’t work by “mining” (grinding a super hard math problem) with 11 jillion gpus.