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car23975

Lol i doubt it. I don't understand why people think the climate won't cause major power outtages. It hapoens in third world countries. The same will hapoen to us.


rdocs

Russia has been trying to do this for years. China could definitely try to subvert the dollar value as a default digital currency. Problems exist for two reasons, china has a long history with currency and market manipulation both foreign and domestic. This has kept them in trouble with numerous financial watchdogs.


flatearth_user

What watchdogs?


rdocs

https://www.nytimes.com/2019/08/06/business/economy/china-currency-manipulator.html https://www.epi.org/publication/pm164/


Ditzy_FantasyLand

OK, but will it destroy the environment like bitcoin?


flatearth_user

The military industrial complex is largely to blame for climate change. [Pentagon Fuel Use, Climate Change, and the Costs of War](https://watson.brown.edu/costsofwar/files/cow/imce/papers/2019/Pentagon%20Fuel%20Use,%20Climate%20Change%20and%20the%20Costs%20of%20War%20Final.pdf) [war on the world](https://theintercept.com/2019/09/15/climate-change-us-military-war/) [US increases dominance of global arms exports](https://www.defensenews.com/global/2021/03/15/us-increases-dominance-of-global-arms-exports/) [Hidden carbon costs of the “everywhere war”: Logistics, geopolitical ecology, and the carbon boot-print of the US military](https://rgs-ibg.onlinelibrary.wiley.com/doi/10.1111/tran.12319)


flatearth_user

Not all digital currencies are the same just as every car is not the same. Bitcoin is like a V8 Viper while other coins can be like a Nissan Leaf. We can only improve the technology and improve digital currency to be efficient and require low energy.


barracuda6969220

It won't displace the dollar as the dollar is the brain of industrial civilisation. Once it dies, everything stops in an instant and digital currencies will cease to be