Reply to post: Re: Virtual money has real-world consequences

Dollar for dollar, crafting cryptocurrency sucks up 'more energy' than mining gold, copper, etc

DrXym

Re: Virtual money has real-world consequences

That's already happened to some degree. It's relatively easy to start up a new crypto currency, mine out the easy coins and then sucker people into "investing" in it. Cryptocurrency has shades of ponzi, pyramid and pump & dump schemes.

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