11–20 of 210 posts
I'm curious what's going to be left when the dust settles, probably in about 5 years. After all, since we're talking about the Netherlands, tulip bulbs are still around but most people don't care about them anymore.
Everyone needs to ban Bitcoin... and likely other cryptocurrencies. Not only are they by far the biggest enablers of ransomware (which we're supposedly taking seriously now), but Bitcoin emissions alone could push global warming above 2°C. [1] Bitcoin already consumes 0.55% of energy produced globally. [2] [1] https://www.nature.com/articles/s41558-018-0321-8 [2] https://hbr.org/2021/05/how-much-energy-does-bitcoin-a…
We need to ban all proof-of-work and generally all resource intensive cryptocurrencies.
The reason we have to go to the trouble of making cryptocurrencies is that busybodies like this guy are endlessly trying to reduce our freedom. They're not trying to look out for people; they're trying to protect their ability to print money and steal. In crypto parlance, they want to remain the VIPs that have centralized special privileged access to create tokens, and force usage thereof. But now we have the technol…
I'm curious what's going to be left when the dust settles, probably in about 5 years. After all, since we're talking about the Netherlands, tulip bulbs are still around but most people don't care about them anymore.
They are in the top 20 countries in terms of GDP...
Why should others decide if I can run useless hashing functions on my computer? Price the electricity accordingly, and make PoW impossible. Cryptocurrency is no the enabler of ransomware. Ransomware was prevalent before cryptocurrencies. The real enablers of ransomware are the countries that shelter the R10 groups, raking in millions. There's a reason some ransomware doesn't run when your system has a Russian languag…
Why then?
I'm curious what's going to be left when the dust settles, probably in about 5 years. After all, since we're talking about the Netherlands, tulip bulbs are still around but most people don't care about them anymore.
Why should others decide if I can run useless hashing functions on my computer? Price the electricity accordingly, and make PoW impossible. Cryptocurrency is no the enabler of ransomware. Ransomware was prevalent before cryptocurrencies. The real enablers of ransomware are the countries that shelter the R10 groups, raking in millions. There's a reason some ransomware doesn't run when your system has a Russian languag…
So I should pay significantly more on my bills, just because you want to play with some virtual coins?
Everyone needs to ban Bitcoin... and likely other cryptocurrencies. Not only are they by far the biggest enablers of ransomware (which we're supposedly taking seriously now), but Bitcoin emissions alone could push global warming above 2°C. [1] Bitcoin already consumes 0.55% of energy produced globally. [2] [1] https://www.nature.com/articles/s41558-018-0321-8 [2] https://hbr.org/2021/05/how-much-energy-does-bitcoin-a…
Bitcoin has a small effect compared to everything else we do and everything else that will happen.
Human civilization isn't exactly living as optimal as possible and I do not see why Bitcoin needs to be the thing we optimize.
There's Las Vegas, having AC 24/7, cooling the streets from open casino doors. There's individuals feasting on steaks every single day, every single meal.
Looking through the eyes of a frugal optimizer, should we ban that too?
Everyone needs to ban Bitcoin... and likely other cryptocurrencies. Not only are they by far the biggest enablers of ransomware (which we're supposedly taking seriously now), but Bitcoin emissions alone could push global warming above 2°C. [1] Bitcoin already consumes 0.55% of energy produced globally. [2] [1] https://www.nature.com/articles/s41558-018-0321-8 [2] https://hbr.org/2021/05/how-much-energy-does-bitcoin-a…
Even if you ban crypto exchanges and money transfers to them, you cannot ban a single entity called Bitcoin Co, nor you can ban individuals from possessing it.
You could potentially ban crypto miners from using the electrical energy, but that doesn't ban Bitcoin either.
Any other ideas? :)