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There are so many better crypto-currencies. Better for the environment because they use proof-of-stake, and not proof-of-work. Better for users because transactions are confirmed in seconds, not hours, and without the ridiculous fees that Bitcoin has. I think this shows how truly powerful the network effect, and being first to market is. Because without those things, Bitcoin would be nothing.
Which proof of stake systems currently exist and work well?
Why do we continue to bend the mindshare knee to the guy behind the Windows Registry?
Earlier quoted context omitted.
I do think Ethereum will overtake Bitcoin eventually in usage. In some ways it already has. Ethereum's transaction fees are set to drop like a rock over the next few years, and so many useful things are built on it already.
Doesn't Ethereum have the same environmental issues?
Bitcoin is an almost perfect exploitation of humanities fatal flaws (greed, unwillingness to acknowledge externalities - i.e. selfishness). It's that old SF-trope that the cause of many of humanity's biggest problems is humans.
Edit: I should clarify. I am saying that the status of the USD as a reserve currency has led to lots of US military action.
We will spend as much energy as is needed to secure the bitcoin monetary supply - the economic prosperity of the planet is at risk!
For all those folks out there begging for PoS bitcoin, it will never happen. Your misinformed opinions of environment/energy and your demand that I choose to spend energy in a way you approve of is oppression by the ignorant. PoS coins are worthless rubbish. There is only bitcoin.
Still no valid usecase found for Bitcoin, aside from being a number-is-green-and-goes-up currency. Lightning is unused. TX fees are stupidly high. We're dedicating ASICs powered by entire coal plants to mining bitcoin. And before you, commenter to this post, say anything, no, your Eth/Doge/Xrp/Monero/Tether/scam-ipo-of-the-day is not more valuable. NFTs are worthless. No, being distributed does not make your favorite…
It enables people cut off (in one way or another) from traditional banking to actually have an account. You want to kill bitcoin provide a real alternative else it is most definitely not "worthless" as you say?
You mean like M-Pesa[1] but much slower, much more expensive, much more wasteful and much more hyped?
How has he not acknowledged how expensive physical settlement between banks is? A brinks truck carrying funds between banks, the bankers managing this process, all the and all of the human capital required to support the entire process?