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News@lemmy.worldEnglish · 9 months ago

White House Says Gold Reserves May Be Used to Purchase Bitcoin

finance.yahoo.com

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White House Says Gold Reserves May Be Used to Purchase Bitcoin

finance.yahoo.com

Redditsux@lemmy.world to

News@lemmy.worldEnglish · 9 months ago

A senior White House official has hinted at the possibility of the U.S. utilizing its gold reserves to acquire more Bitcoin (CRYPTO: BTC). What Happened: Bo Hines, the executive director of the President’s Council of Advisers on Digital Assets, ...

cross-posted from: https://lemmy.bestiver.se/post/289657

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pixxelkick@lemmy.world
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9 months ago
Bitcoin is backed by the price of coal.

For all intents and purposes, bitcoin is effectively minted coal.
- tehn00bi@lemmy.world
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  9 months ago
  So it’s backed by climate change?
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    9 months ago
    Yep. It’s unethical but nonetheless makes the coin actually have tangible holdings, because it’s actually impacting the real world.

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