Earlier quoted context omitted.
Yeah, but they are talking about crypto not bitcoin. It's like banning knives because one type use to stab
Replace Bitcoin with cryptocurrencies in my comment.
You do it. You can edit your comments.
CPB director: The Netherlands must ban Bitcoin and other cryptocurrencies
161–170 of 210 posts
Re: CPB director: The Netherlands must ban Bitcoin and other cryptocurrencies
#162> 'A cryptocurrency crash is inevitable' Here I will write a second article for you for free Housing market crash is inevitable - The Netherlands must ban housing market and other housing initiatives.
Housing market crash is not inevitable. The market crashed in 08 because banks gave loans to unqualified people who could not afford their mortgage(s) otherwise. The current housing “bubble” is driven by-and-large by private equity groups who see the real estate market (more so the single family home) as the safest place to park their money. Thing is, these people can afford them.
More of an "entire society" crash then as actual working people fail to acquire homes.
Re: CPB director: The Netherlands must ban Bitcoin and other cryptocurrencies
#163Earlier quoted context omitted.
Thats bs. Everything that requires energy advances global warming. Bitcoin is a disaster compared to any other value or money transfer. Everybody mining bitcoin is using the cheapest energy source available which currently is coal. Get your facts right, stop destroying the world of our children!
>Everybody mining bitcoin... This is just demonstrably false. https://www.politico.com/magazine/story/2018/03/09/bitcoin-m... https://www.bloomberg.com/news/articles/2020-12-27/bitcoin-m... https://www.waterpowermagazine.com/news/newsbitcoin-mining-p... I could go on, but I won't, I just wanted to show how hysterical and full of BS you and people like you are.
How nice that all energy magically appears out of nowhere to generate the power needed by bitcoin. As if the power to heat your meal and home is suddently not needed anymore when you have your nice valuable bitcoins.
The world is already struggling to keep up with the rising power requirements from all the sectors, from production, households and transportation. One of the large problems moving to renewable power sources is, that it's hard to replace current power sources and keep up with the rising power demand. By increasing power demand, older power plants that are worse for the environment must be kept running for a longer time.
Re: CPB director: The Netherlands must ban Bitcoin and other cryptocurrencies
#164Also, they’re threatening the Netherlands position as Europe’s own fiscal paradise in disguise. You can’t make a Dutch sandwich with a double Irish with Bitcoin.
No it doesn't and yes you can. Counting your beans in a different currency doesn't prevent you from needing to do tax accounting and from having to comply with tax laws if you sell beans in a country.
Re: CPB director: The Netherlands must ban Bitcoin and other cryptocurrencies
#165Everyone 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…
The main argument against crypto is actually an argument against the way we generate power. If our power generation wasn’t so dirty, this argument against crypto goes away.
Banning crypto isn’t going to fix the root cause.
Re: CPB director: The Netherlands must ban Bitcoin and other cryptocurrencies
#166Earlier quoted context omitted.
I'm gonna go out on a limb here and say maybe we should in general ban things that are a certain amount less energy efficient (say, 5x more wasteful) than the best technology we've achieved for a similar purpose so far. And progressively tax anything that's moderately more wasteful (say, 2x-5x). It's bad enough that we have cars on roads that are twice as wasteful as they could be, let alone a transaction processing…
I'm not saying you're wrong but of course it's not that easy. Using your argument we could ban all cars because there are bicycles and they are vastly more efficient. Or we ban heating in houses because you can just wear warmer clothes instead.
> we could ban all cars because there are bicycles
I would actually support this for urban areas. I wish more people would see that this would significantly benefit everyone.
Re: CPB director: The Netherlands must ban Bitcoin and other cryptocurrencies
#167Earlier quoted context omitted.
I don’t think that the Netherlands is the country where wealth is routinely stolen from common folk.
https://en.wikipedia.org/wiki/List_of_countries_by_wealth_in... Take a look at this list and see which country has the highest wealth inequality in the world. Hint: it's the Netherlands.
Pretty low on the income inequality though, isn’t it?
Re: CPB director: The Netherlands must ban Bitcoin and other cryptocurrencies
#168Earlier quoted context omitted.
>Everybody mining bitcoin... This is just demonstrably false. https://www.politico.com/magazine/story/2018/03/09/bitcoin-m... https://www.bloomberg.com/news/articles/2020-12-27/bitcoin-m... https://www.waterpowermagazine.com/news/newsbitcoin-mining-p... I could go on, but I won't, I just wanted to show how hysterical and full of BS you and people like you are.
How nice that all energy magically appears out of nowhere to generate the power needed by bitcoin. As if the power to heat your meal and home is suddently not needed anymore when you have your nice valuable bitcoins. The world is already struggling to keep up with the rising power requirements from all the sectors, from production, households and transportation. One of the large problems moving to renewable power sou…
the comment I replied to said all bitcoin mining is done exclusively with coal. I never made claims, I merely pointed out the original statement was incorrect and offered evidence to support it.
So what is your point in relation to that? Am I wrong? Is my evidence not sufficient? Do you also believe all bitcoin mining is powered by coal?
Re: CPB director: The Netherlands must ban Bitcoin and other cryptocurrencies
#169Everyone 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…
The main argument against crypto is actually an argument against the way we generate power. If our power generation wasn’t so dirty, this argument against crypto goes away. Banning crypto isn’t going to fix the root cause.
So maybe we should ban crypto until the world reaches net zero emissions?
Re: CPB director: The Netherlands must ban Bitcoin and other cryptocurrencies
#170Earlier quoted context omitted.
> "using more resources than it genuinely needs" Are you going to create a commission which decides what a "genuine resource usage" is?
> Are you going to create a commission which decides what a "genuine resource usage" is? Uhm... if it's necessary, sure? I already suggested a starting point: the current state-of-the-art provides a baseline to compare against. If we need a commission to gauge this, then sure, how about have an agency like the EPA or DoE figure it out. We can even give a good name to products that meet high energy-efficiency standard…
Right, so do we ban cars because bicycles are more efficient?