“Super PACs backed by the cryptocurrency sector have raised more than $102 million, the third-most of all super PACs engaged in the 2024 election, according data from Opensecrets.org.“
“Cryptocurrency” isn’t currency. It’s a scam. It takes in cash and gives you nothing. You can buy more things with Apple Pay than you can with cryptocurrency.
The weak argument is that cryptocurrency is finite. And that’s a weakness not a strength.
https://www.esquire.com/news-politics/politics/a60722701/cryptocurrency-super-pacs-election/
It is also energy inefficient and contributes to global warming by just sitting there.
Cash doesn’t do that.
@feloneouscat one could argue cash does do that - when you consider all the electronic bank transactions that happen every day, every hour, every second by almost everyone who uses anything like contactless payments, Apple/google pay, making bank transfers online, online shopping etc....all use energy to make them happen
@feloneouscat lol energy is used when making they transactions I mention though - granted smaller amounts than crypto - might be weak to argue that but it's still fact energy is used
Banks also need energy to run their servers
BTW ik how crypto works....and yes crypto uses may more energy no disputing that just saying energy is still used for "normal" banking and "normal" purchases made us
That was my point.
@ecksmc
It’s a weak argument as all of the above still have greenbacks as the final destination.
Crypto is like using stocks certs to pay for things.
So, no, it’s not the same. Don’t confuse how a transaction is made with what it is made with.
Crypto needs energy to work (and it is a horrendous energy hog).
https://www.npr.org/2021/05/25/1000274002/cryptocurrency-has-raised-environmental-concerns-local-governments-are-stepping-