Musk sets bitcoin a Herculean task

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Breakingviews - Musk sets bitcoin a Herculean task

The problem is bitcoin’s energy hunger is inbuilt. The amount required to mine means nobody can seize control of the system, which is part of its appeal.

For as long as bitcoin’s price justifies mining it, and Musk’s comments help make that so, owners of dirty fossil fuel have an incentive to keep burning. German eyewear IPO flaunts digital vision

 

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