<div dir="ltr">I wonder how much power and environmental resources it takes to do money the old fashioned way. The power it takes to create a bitcoin is part of what gives it value and stability.<div><br></div><div style>I think Adam Smith would be intrigued by bitcoin, but like everyone else will not really know what to make of it until more time passes.</div>

</div><div class="gmail_extra"><br><br><div class="gmail_quote">On Sun, Apr 14, 2013 at 9:31 PM, Rod-Lists <span dir="ltr"><<a href="mailto:rod-lists@epbfi.com" target="_blank">rod-lists@epbfi.com</a>></span> wrote:<br>

<blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">From Slashdot<br>
Is Bitcoin Mining a Real-World Environmental Problem?<br>
"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."<br>


<a href="http://news.slashdot.org/story/13/04/14/2234251/is-bitcoin-mining-a-real-world-environmental-problem" target="_blank">http://news.slashdot.org/story/13/04/14/2234251/is-bitcoin-mining-a-real-world-environmental-problem</a><br>


<br>
Krugman argues "Adam Smith Hates Bitcoin"<br>
<a href="http://krugman.blogs.nytimes.com/2013/04/12/adam-smith-hates-bitcoin/" target="_blank">http://krugman.blogs.nytimes.com/2013/04/12/adam-smith-hates-bitcoin/</a><br>
<br>
Krugman and others have argued that Bitcoin is experiencing deflation in relation to other currencies.<br>
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</blockquote></div><br></div>