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Cryptocurrency discussions / Re: PayPal's shenanigans for "green miners"
« on: April 24, 2024, 02:48:41 PM »Green miners are usually used for public relations and to prove that accepting Bitcoin means an attempt by PayPal to make it better, either in terms of environmental impact or regulatory impact, both of which are useful for increasing the stock price and addressing the concerns of investors who may not be interested in Bitcoin, but in the end, if they want to implement these ideas, they must create a new altcoin.
While I am for sustainability, I am sensing something wrong with platforms pushing for environmentally-friendly ideas and solutions and the problem is that they are actually pushing for their own agenda and interest in the process that will be excluding many in the business and rewarding those they selected based on their own criteria. Many are using this green movement to mask their own selfish concerns and without us being aware of what they are doing, we can be left shocked and trapped. We should then be wary of PayPal which is a decentralized platform now wading into the cryptocurrency industry when it decided that it too wanted a slice of the pie after it actually doubted this very industry for years.