[stillbourne]

> bitcoin was an attempt to replace gold mining and gold transfers

Imagine replacing a valuable material asset with nothing. I get that bitcoin was designed as a hedge against market volatility. But instead of soaring when the traditional market sours it has become a leading indicator of volatility. If you look at the crash of 2020 and the one happening now buttcoin variants preformed poorly almost a month before the market did meanwhile gold is doing what its supposed to.

> however in places where bitcoin is mined efficiently, one could theoretically use those same bitcoins to purchase either cheap (or even green) electricity, efficient (cool) compute, or whatever else goes along with running massive mining facilities

This is stupid, who would burn energy to buy energy? Bitcoin proponents who believe these lies probably also believe in overunity, free energy and perpetual motion.