This kind of farming isn’t so great for the environment. Photographer: Christinne Muschi/Bloomberg
Unlike other financial assets, Bitcoin requires more energy as its price rises. That’s not sustainable.
Bitcoin Miners Are on a Path to Self-Destruction — Noah Smith
Many of the complaints about Bitcoin over the years have been overhyped. But the cryptocurrency’s increasing use of real physical resources — energy and computer chips — can no longer be ignored. If Bitcoin wants to avoid government crackdowns, it needs to shift to technologies that don’t require constant massive resource consumption just to maintain the currency’s price.
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We Must Start Planning For a Permanent Pandemic — Andreas Kluth
Trump’s Election Lawyer Throws Him Under the Bus — Noah Feldman
A Taiwan Crisis May Mark the End of the American Empire — Niall Ferguson
A New Global Monetary Order Is Being Built Before Your Eyes — Daniel Moss
Young Bankers Have an Absurd Work Life — Marcus Ashworth and Elisa Martinuzzi
Cathie Wood Is Actively Displacing Those Passive Nasdaq Whales — Shuli Ren
Wow, We Sure Drank a Lot Last Year — Justin Fox
AMD’s Latest Chips Set the Stage for a Stellar Year — Tae Kim
How Amazon Is Fighting Door to Door to Beat Ambani — Andy Mukherjee
This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion published this week based on web readership.
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