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kpaystaxes commented on Bitfinex and Tether required to end all trading activity with New Yorkers   ag.ny.gov/press-release/2... · Posted by u/dgellow
raiyu · 5 years ago
Is this the first official ruling on tether that shows it isn’t backed 1:1 by the US dollar?

That has long been speculated, but if this is the first official verification how does that affect the Market.

Especially the self dealing of Bitfinex.

kpaystaxes · 5 years ago
This isn't a "ruling" at all. The parties just reached a settlement agreement and Bitfinex/Tether did not admit any wrongdoing.
kpaystaxes commented on Bitcoin breaks above $20k   nasdaq.com/articles/bitco... · Posted by u/wsieroci
tectonic · 5 years ago
What's the carbon footprint of BTC like these days? Has any progress been made on mitigating this fundamental design issue?
kpaystaxes · 5 years ago
Bitcoin can actually be used to aid growth in rewewables and mitigate carbon emissions. A couple examples: (1) "bitcoin batteries" which can be a reliable consumer of renewable energy during otherwise low-demand periods and (2) replacing natural gas flaring with bitcoin mines.

https://www.prnewswire.com/news-releases/layer1-launches-bit...

https://www.crusoeenergy.com/news-and-media/2020/1/10/denver...

u/kpaystaxes

KarmaCake day5December 2, 2020View Original