71–80 of 862 posts
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.
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.
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.
This is silly. Consensus (probably, I am doubtful of PoS) isn't free. You get a choice between bitcoin mining and military force. Which do you find less harmful? 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.
their OS filled with malicious stuff and who knows what kind of backdoors is when exploited by hackers, they blame it on China rather than taking responsibility of putting users at risk with vulnerable OS
I say Bill Gates is bad for the Planet. The reality is PoW is the only consensus mechanism that is secure today. PoS is not secure. It will never be secure. It takes energy to secure money, it is that simple. 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. Yo…
That is quite a huge claim. You need to give some arguments for this.
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.
This is silly. Consensus (probably, I am doubtful of PoS) isn't free. You get a choice between bitcoin mining and military force. Which do you find less harmful? 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.
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.
This is silly. Consensus (probably, I am doubtful of PoS) isn't free. You get a choice between bitcoin mining and military force. Which do you find less harmful? 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.
I am also doubtful of PoS but perhaps there's a way to make a greener coin using some amount of trust and regulation?
Rich old man wants you to continue using fiat money to keep you enslaved.
From Bill: "Bitcoin uses more electricity per transaction than any other method known to mankind." And he's right. Bitcoin is terrible for the planet and our future.
Think of all that electricity wasted because people could not get their work done, they had to stay longer in the office wasting water, electricity, getting frustrated, etc.
And that's all because Bill's mom was working in IBM management.
I say Bill Gates is bad for the Planet. The reality is PoW is the only consensus mechanism that is secure today. PoS is not secure. It will never be secure. It takes energy to secure money, it is that simple. 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. Yo…
I think it's clear that the electrical use of proof of work will become a serious issue if Bitcoin (or similar blockchain) becomes widely adopted. Do you have a suggestion on how to address that issue, or do you believe it's a non-issue entirely?