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by LMYahooTFY
1866 days ago
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> Our government's ability to bail out the economy, protect its most vulnerable. How did the bailouts in 2008 help the vulnerable people who were subjected to predatory loans and lost their homes? > Nevermind the fact that cryptocurrency is destroying the environment. That's just a minor detail. Can you back this up with any data? Just went through a paper published on this topic by a couple of environmental researchers and the methodology was quite awful, and the authors did not understand mining. I'm happy to discuss any data you have. I'm a bit pessimistic because you don't sound open to the idea that cryptocurrencies have any value at all. |
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They didn't but they kept the banking infrastructure alive. What I never understand however is that the government doesn't give that bailout money in exchange for newly issued shares which they then sell for a profit once the bank is back on its feet.