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“BTC is an open system that leaks value, disguised as a closed system that preserves value.”

Sistine Researchcryptostackers.substack.com ↗

Securing Bitcoin burns about $7 billion of electricity a year. That works out to about $78 of energy per transaction. Miners have to sell coins to pay that bill, forever. A vault that charges billions in rent every year is not storing your value.