Viewing profile — yunvme

To put it in perspective, ~$1,000,000,000,000 USD is being secured by a decentralized system by using that much electricity. How much electricity/oil/other power is used by the US …

This is a dumb comparison. Bitcoin's energy consumption is necessary to secure a decentralized digital store of value. There is no alternative. It is electricity well spent. Accord…

Bill Gates is either disingenuous or he doesn't understand Bitcoin. The electricity isn't expended to do transactions. That's part of the system. The electricity is expended to ens…

And you need to bootstrap your PoS system by enriching a bunch of insiders so that they can validate your transactions. PoS systems are unfit for being the decentralized digital st…

This isn't true. You don't understand Bitcoin. Proof of work is the only way to secure a decentralized system like Bitcoin's. Proof of stake requires trust in a group of validators…

You don't understand Bitcoin. Bitcoin is being monetized now. It will be volatile until it reaches a value much much much higher than the value that it is now. It provides a refuge…

You don't understand Bitcoin. It is a system to remove human greed from the equation. However, currently we are in the monetization stage. People will get rich. Greed will prevail …