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Bill Gates Says that Bitcoin is bad For the Planet

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

#851

Post by Godel_unicode »

saalweachter wrote: post #829
willis936 wrote: post #823

Earlier quoted context omitted.

That's a reason why you might have cash, not why you would use it. For example, you might own a gun in case society collapses. It stays locked in a hard to find place in your house. You don't walk down the street with it on your hip. Similarly, you don't pay for goods and services with cash when you're not in a crisis unless you're breaking some law, whether or not you want to figure out if you are or not.

There's something like $13 trillion in consumer spending in the US each year, and something like 9% of that is in cash. That's like $1.2 trillion in boring, normal, law-abiding cash transactions each year.

What makes you think that it's law-abiding? You're aware that literally the entire goal of money laundering is to appear law-abiding, yes?

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

#852

Post by Godel_unicode »

dmingod666 wrote: post #793
Godel_unicode wrote: post #632

Earlier quoted context omitted.

As a person who makes goods/provides services, what you want is for the government to ensure there is enough money for others to buy/hire your good/service. As a person who wants to buy a house but doesn't have the full purchase price in liquid dollars, the thing you want is for the government to give lenders access to low-cost money so they can then lend it to you at low rates so you can afford the principal+interes…

Sure, you have a valid point. However, a tangential argument can be made that, exactly due to banks lending money to buy houses, houses have essentially been priced out for regular people.. If you see educational costs, at one point in the 70s I think, the govt decided to offer loans so that students wouldn't need to do a job on the side to fund their education. Now it's ballooned to become such a mess..

They have absolutely not, with the noted exception of a few popular urban areas which house a relatively small minority of the population, been priced out for regular people.

The home ownership rate in the United States is 65.8%. San Francisco. Is. Not. Normal.

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

#853

Post by Godel_unicode »

soledades wrote: post #533
Godel_unicode wrote: post #436

Earlier quoted context omitted.

Mineral deficiency is a chronic lack of a particular nutrient, starvation is an acute lack.

There is such a thing as chronic starvation, and the smaller bones reflect that, not mineral deficiency. The linked article addresses famine more specifically.

It does not.

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

#854

Post by tekknik »

Godel_unicode wrote: post #850
tekknik wrote: post #803

Earlier quoted context omitted.

> My personal belief is that the number one use is for money laundering... Have you ever experienced a natural disaster? One thing you realize quite quickly is that your debit card is useless. That doesn’t mean transactions stop, people are still buying and selling, those with cash at least. If there’s runs on banks, infrastructure outages, etc, those relying entirely on debit and other payment cards won’t be buying…

Do you seriously think that even a large minority of cash transactions are somehow related to natural disasters...?

So logically we get rid of it since most transaction don’t happen for those reasons? Is my point invalidated in any way if a majority of cash transactions are not during a natural disaster?

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

#855

Post by tekknik »

Godel_unicode wrote: post #851
saalweachter wrote: post #829

Earlier quoted context omitted.

There's something like $13 trillion in consumer spending in the US each year, and something like 9% of that is in cash. That's like $1.2 trillion in boring, normal, law-abiding cash transactions each year.

What makes you think that it's law-abiding? You're aware that literally the entire goal of money laundering is to appear law-abiding, yes?

What country are you from? I’ve only seen this kind of hate towards cash in the European countries. Last time in Sweden and ask to use cash they looked like they were about to kick me out of the store.

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

#856

Post by Godel_unicode »

tekknik wrote: post #854
Godel_unicode wrote: post #850

Earlier quoted context omitted.

Do you seriously think that even a large minority of cash transactions are somehow related to natural disasters...?

So logically we get rid of it since most transaction don’t happen for those reasons? Is my point invalidated in any way if a majority of cash transactions are not during a natural disaster?

You replied to, and quoted, a comment about the majority of cash transactions. Your point is entirely irrelevant to that discussion.

Also, for the record, I have been in and responded to a number of natural disasters in the "first world". With the exception of a few hours here and there, using cards was never a problem. If the infrastructure is so wrecked that cards don't work, food/water is coming from people in high-vis vests.

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

#857

Post by Godel_unicode »

tekknik wrote: post #855
Godel_unicode wrote: post #851

Earlier quoted context omitted.

What makes you think that it's law-abiding? You're aware that literally the entire goal of money laundering is to appear law-abiding, yes?

What country are you from? I’ve only seen this kind of hate towards cash in the European countries. Last time in Sweden and ask to use cash they looked like they were about to kick me out of the store.

You should get out of your bubble more?

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

#858

Post by tekknik »

Godel_unicode wrote: post #856
tekknik wrote: post #854

Earlier quoted context omitted.

So logically we get rid of it since most transaction don’t happen for those reasons? Is my point invalidated in any way if a majority of cash transactions are not during a natural disaster?

You replied to, and quoted, a comment about the majority of cash transactions. Your point is entirely irrelevant to that discussion. Also, for the record, I have been in and responded to a number of natural disasters in the "first world". With the exception of a few hours here and there, using cards was never a problem. If the infrastructure is so wrecked that cards don't work, food/water is coming from people in hig…

No my point is relevant and struck a nerve, hence the hostile replies. Keep loving digital currencies tho.

Try a hurricane, or something serious enough to be registered as a natural disaster.

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

#859

Post by tekknik »

Godel_unicode wrote: post #857
tekknik wrote: post #855

Earlier quoted context omitted.

What country are you from? I’ve only seen this kind of hate towards cash in the European countries. Last time in Sweden and ask to use cash they looked like they were about to kick me out of the store.

You should get out of your bubble more?

Heh, I’ve been to about 30 countries, how about you?

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

#860

Post by [deleted] »

tekknik wrote: post #858
Godel_unicode wrote: post #856

Earlier quoted context omitted.

You replied to, and quoted, a comment about the majority of cash transactions. Your point is entirely irrelevant to that discussion. Also, for the record, I have been in and responded to a number of natural disasters in the "first world". With the exception of a few hours here and there, using cards was never a problem. If the infrastructure is so wrecked that cards don't work, food/water is coming from people in hig…

No my point is relevant and struck a nerve, hence the hostile replies. Keep loving digital currencies tho. Try a hurricane, or something serious enough to be registered as a natural disaster.

[deleted]
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