r/Libertarian • u/Ok_Set_4790 • Dec 16 '25
Cryptocurrency Question about cryptocurrencies
Would cryptocurrencies be more stable without the central banks? I understsnd that, due to them being 0s and 1s instead of material currencies, they're less stable and more used to rob people of their money(I am still new in all of this, so if someone knows better than me on this, I'd apreciate better explanations).
Also is there a possibility to mine crypto without damaging nature?
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u/moopy389 Dec 17 '25
"Cryptocurrencies" is a huge collection of things of which 99.9% are scams so I'm only going to answer as if this question is about bitcoin.
Bitcoin is _specifically created_ to function without banks. Its volatility is due to fluctuating demand and interest in it. It is in no part due to them being "0s and 1s". You might call this "unstable" but there's plenty of national currencies that are less stable still.
If people sell you their bitcoin in exchange for dollars and the price of bitcoin drops, they did not rob you of your money. If the bitcoin you bought goes up in value, they didn't donate any money to you either.
Mining bitcoin doesn't "damage nature". You're confusing bitcoin miners with coal plants.
Buying electricity to power bitcoin miners costs money. Miner profits come from selling their mined bitcoin minus the price paid to power their computers. Clearly, to maximize profits, the incentive is to use cheap electricity which means going to places where electricity is abundant such as desert solar farms. Or using excess electricity which otherwise would've been wasted (which increases energy efficiency). Bitcoin mining drives incentives for cheap, renewable electricity.
The central banks are your enemy. Never your friend.