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front pageToday's NewsCryptocurrencies consume far less resources than fiat currencies

Cryptocurrencies consume far less resources than fiat currencies

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Earlier this week I wrote on social media that the energy costs required to produce cryptocurrencies like Bitcoin and Ethereum are much lower. Someone responded, “That’s not true, once fiat currency is created, no additional energy is required.” Bitcoin and cryptocurrencies have an energy problem? Aren’t the people at the Federal Reserve sitting there painting Benjamin Franklin’s portrait?
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