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Letter: Bitcoin as national legal tender is a terrible idea

Published 13 October 2021

From Sam Edge, Ringwood, Hampshire, UK

Yes, there is a need to maintain the ability to perform anonymous transactions in a free society (18 September, p 16). However, the news that the El Salvador government is accepting bitcoin – billed as anonymous – as tender is disturbing. Proof-of-work blockchain currencies like bitcoin are a bad idea because of their carbon footprint from the use of lots of energy and materials.

Issue no. 3356 published 16 October 2021

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