11–20 of 992 posts
I was following along until this bit which seems to hold up the entire argument: > [BTC mining] is often done using electricity which is effectively stolen from taxpayers with the help of government officials Can somebody elaborate on the stolen/corruption angle?
Does bitcoin moving to a proof-of-stake algorithm change your opinion?
That's it really, everything else is noise.
I can sympathize with btc (I wish we still had a gold standard, or a standard based on the price of common goods) but I don't see much the other benefits.
On top of this, governments could ban btc.
I've seen a few positive developments every once in a while that fail to get much adoption. So I keep waiting and waiting. It increasingly looks to me like whatever solution eventually wins will be built upon the existing banking system ;<(.
I was following along until this bit which seems to hold up the entire argument: > [BTC mining] is often done using electricity which is effectively stolen from taxpayers with the help of government officials Can somebody elaborate on the stolen/corruption angle?
Yeah, privacy is a joke on blockchains. Perhaps that is why actually private coins like Monero are having such 'difficulty' getting adoption on mainstream platforms, with shitcoins getting preference. I suspect that if coinbase tried to add Monero, they would get a very angry letter from the CIA/FBI (perhaps this already happened, they have been having 'technical difficulties' adding it for years now).
I was following along until this bit which seems to hold up the entire argument: > [BTC mining] is often done using electricity which is effectively stolen from taxpayers with the help of government officials Can somebody elaborate on the stolen/corruption angle?
I was following along until this bit which seems to hold up the entire argument: > [BTC mining] is often done using electricity which is effectively stolen from taxpayers with the help of government officials Can somebody elaborate on the stolen/corruption angle?