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Bill Gates Says that Bitcoin is bad For the Planet

technologyelevation.com

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Re: Bill Gates Says that Bitcoin is bad For the Planet

#61

Post by solosoyokaze »

diego_moita wrote: post #33
swinglock wrote: post #16

Why do I get the feeling a competing centralized system will soon be announced by one of Bill Gates companies or partners, if it has not already?...

> Why do I get the feeling a competing centralized system will soon announced by one of Bill Gates companies or partners, if it has not already?... You probably got it from conspiration theories, the same people that believe that Gates put a microchip inside Covid vaccines.

Bill Gates' decades long history of shady business practices and embrace, extend, extinguish are not a "conspiracy". There's no reason to listen to Gates on this topic (he's not an expert), and it's very likely that he has financial reasons for saying what he's saying.

Re: Bill Gates Says that Bitcoin is bad For the Planet

#62

Post by shiado »

The irony is that the exact society destabilizing grand visions of the future billionaires advocate for are some of the main drivers behind people embracing Bitcoin. If you push a "you own nothing" WEF approved dystopian tech oligarch reality don't be surprised when people adopt an asset that cannot be confiscated by the government.

Re: Bill Gates Says that Bitcoin is bad For the Planet

#63

Post by jtdev »

jtdev wrote: post #52

I find it hard to believe that Bill Gates has actually quantified the environmental cost of U.S. dollar transactions... Why do we continue to bend the mindshare knee to the guy behind the Windows Registry?

He's this guy --> https://www.nytimes.com/2019/10/12/business/jeffrey-epstein-...

Re: Bill Gates Says that Bitcoin is bad For the Planet

#65

Post by cies »

Billionaire says XYZ bad for environment. I cannot help thinking: what a hypocrite.

Poor people are much better for the environment than rich. Not even considering private-jet flying super rich.

I think BG has no business telling others what's good/bad for the planet.

Re: Bill Gates Says that Bitcoin is bad For the Planet

#66

Post by donsupreme »

mavhc wrote: post #24
jetpackjoe wrote: post #9

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?

Nano

Re: Bill Gates Says that Bitcoin is bad For the Planet

#68

Post by boomboomsubban »

The article has a one sentence quote from Gates in it, in which he shows a level of expertise anyone could reach from reading one of the hundreds of recent articles about bitcoin.

Why is this noteworthy? I don't really disagree with his assessment, but his words are being given undue importance here.

Re: Bill Gates Says that Bitcoin is bad For the Planet

#69

Post by mumblemumble »

dgellow wrote: post #30
adflux wrote: post #8

I feel like it's a matter of time until the central banks release a coin (gold backed?) and kick Bitcoin and all other crypto's out. Keeps them in power, uses the advantages of crypto.

Digital currencies for central banks (CBDC) do not require a blockchain to exist. They are two different things, I don't think they will compete with each others.

You might even argue that they require a blockchain not to exist. A coin that's designed to be centralized needs blockchain (as opposed to something simpler like a hash chain) like a fish needs a snorkel.
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