Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Digihost Technology Inc V.DGHI

Alternate Symbol(s):  DGHI

Digihost Technology Inc. is a Canada-based blockchain technology and computer infrastructure company. The Company is engaged in cryptocurrency mining. The operations of the Company are located in two geographic locations: Canada and the United States. The Company focuses on its network development, hosting, and mining operations supported by renewable and sustainable energy. The 90% of the energy consumed by the Company is from sources that create zero-carbon emissions, while 50% of the energy consumed is being generated from renewable energy sources. The Company operate its own power generation facilities, which focuses on using bridge power sources where available for low-carbon or renewable sources of energy by creating applications for existing power supplies and transforming the way power is used and the way blockchain is applied. The Company operates approximately 60-megawatt (MW) power plant in North Tonawanda, New York State. It operates from three sites in the United States.


TSXV:DGHI - Post by User

Bullboard Posts
Post by NorthSunon Dec 15, 2020 3:50pm
141 Views
Post# 32111373

Senator believes btc is a better store of value then paper

Senator believes btc is a better store of value then paperAn incoming Senator believes bitcoin is a better store of value than paper money and plans to teach Congress how to use it to reduce the national debt

• Senator-elect Cynthia Lummis told the What Bitcoin Did podcast that bitcoin is a better store of value than paper money and she plans to teach Congress how to use it to reduce the national debt when she assumes office in January.

• "If we reach the point where we have overspent so much that things start crashing down, the black swan event occurs with any regard to any fiat currency...there is a backstop available to every government in the world and that backstop is bitcoin," Lummis said.

• The senator-elect also said that bitcoin is a better store of value than paper money because the cryptocurrency's supply is finite.

Senator-elect Cynthia Lummis plans to broaden the conversation in Congress around bitcoin when she assumes office in January.

On an episode of the What Bitcoin Did podcast on Monday, the Wyoming Republican said bitcoin is a great store of value and can help tackle one of her biggest concerns-the US national debt.

Lummis said the US needs to develop a plan to retire the debt, and also needs to develop an "alternative path" in case that fails.

"I see the alternative half as bitcoin, because you have the ability to invest in something that has stability in the store of value," Lummis said. 

The senator-elect said that bitcoin is a better store of value than paper money because its supply is finite. Currently there are only 21 million bitcoins that can be mined in total."In the case of U.S. currency, inflation is baked into the Federal Reserve's plan for the U.S. dollar. So it's no wonder that our buying power is eroded," Lummis said. People who are living off their savings in retirement have constantly eroding buying power because of inflation, she added.

"That will not be the case with bitcoin. Bitcoin provides a more stable value to people who are either saving now to live comfortably in the future but also people who are on fixed income or approaching fixed income now," the senator-elect said.

Lummis added that she wants to use her time as an elected official to introduce the topic of bitcoin to her colleagues in Congress and develop a path for the cryptocurrency to develop alongside fiat money, because she sees it as a great store of value and a "stabilizing mechanism for worldwide exchanges."

"It's kind of something that frees governments up to say, there is a backstop," said Lummis. "If we reach the point where we have overspent so much that things start crashing down, the black swan event occurs with any regard to any fiat currency...there is a backstop available to every government in the world and that backstop is bitcoin."

The price of bitcoin is approaching record highs, and is currently priced at $19,363. But Lummis isn't planning on selling her bitcoin any time soon. 


Bullboard Posts