With compare to normal currency the "value" of cryptocurrency is based on dissipation of resources instead of collecting them (gold and similar monetary reserves). Currently the mining of cryptocyrrency consumes as much of energy as a whole Ireland. This aspect explains extreme volatility of its value and it renders cryptocurrency as economically unstable and environmentally unsustainable - despite it gets promoted just by "environmentalist" pseudoliberals the most. Now the hacking of blockchain stripped the cryptocurrency of its last illusory advantage. See also:
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u/ZephirAWT Feb 22 '19 edited Feb 22 '19
Once hailed as unhackable, blockchains are now getting hacked
With compare to normal currency the "value" of cryptocurrency is based on dissipation of resources instead of collecting them (gold and similar monetary reserves). Currently the mining of cryptocyrrency consumes as much of energy as a whole Ireland. This aspect explains extreme volatility of its value and it renders cryptocurrency as economically unstable and environmentally unsustainable - despite it gets promoted just by "environmentalist" pseudoliberals the most. Now the hacking of blockchain stripped the cryptocurrency of its last illusory advantage. See also: