[Chugalug] OT:Bitcoin taking hits in press

Rod-Lists rod-lists at epbfi.com
Mon Apr 15 01:31:08 UTC 2013


>From Slashdot
Is Bitcoin Mining a Real-World Environmental Problem?
"Mark Gimein points out that Bitcoing mining uses a lot of power, enough that it is a real world problem: 'About 982 megawatt hours a day, to be exact. That’s enough to power roughly 31,000 US homes, or about half a Large Hadron Collider."
http://news.slashdot.org/story/13/04/14/2234251/is-bitcoin-mining-a-real-world-environmental-problem

Krugman argues "Adam Smith Hates Bitcoin"
http://krugman.blogs.nytimes.com/2013/04/12/adam-smith-hates-bitcoin/

Krugman and others have argued that Bitcoin is experiencing deflation in relation to other currencies.


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