101–110 of 862 posts
What is up with the comments in this thread? Feels like tons of them are bot written. Weird attacks on Bill Gates and Microsoft all over the place.
Gates has nothing to do with Bitcoin, his opinion here is worthless.
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.
With bitcoin, you are paying for security. I know if I send you a bitcoin transaction there is a high probability it won't be reverted in our lifetime, possibly ever. I'm not a maxi but these new projects don't have that guarantee yet; likely they never will.
Steve Balmer and Bill also used to call Linux a cancer but look now: https://www.bloomberg.com/news/articles/2021-03-07/hackers-b... 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
and as Linus Torvalds simply put it decades ago: that these people are out there to make money and not make world a better place even if they pretend .
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?
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.
:)
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.
With bitcoin, you are paying for security. I know if I send you a bitcoin transaction there is a high probability it won't be reverted in our lifetime, possibly ever. I'm not a maxi but these new projects don't have that guarantee yet; likely they never will.
Nearly every other bitcoin fork can suffer a 50% attack because the network is sufficiently small that one can rent enough hashing power to attack it (see Bitcoin Gold).
Alternate coins absolutely need some other mechanism to secure their chain that doesn't require a critical mass.
Why is 'rich billionaire has uninformed or possibly self interested opinions' newsworthy
Because this rich tech billionaire brought about humanity-changing innovations so maybe what he says deserves some attention? Why does _your_ opinion matter?
Plus, there is obviously an argument to be made that he has had a negative overall influence on the world & therefore shouldn't be trusted.
So is Bill Gates' mega-mansion.