05 Dec '17, 6pm

Bitcoin could cost us our clean-energy future

currency manipulation Bitcoin could cost us our clean-energy future By Eric Holthaus on Dec 5, 2017 1:32 pm Share Tweet If you’re like me, you’ve probably been ignoring the bitcoin phenomenon for years — because it seemed too complex, far-fetched, or maybe even too libertarian. But if you have any interest in a future where the world moves beyond fossil fuels, you and I should both start paying attention now. Last week, the value of a single bitcoin broke the $10,000 barrier for the first time. Over the weekend, the price nearly hit $12,000. At the beginning of this year, it was less than $1,000. If you had bought $100 in bitcoin back in 2011, your investment would be worth nearly $4 million today. All over the internet there are stories of people who treated their friends to lunch a few years ago and, as a novelty, paid with bitcoin . Those same people are now realizing t...

Full article: https://grist.org/article/bitcoin-could-cost-us-our-clean...

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