Earlier quoted context omitted.
> The second one is that it makes illegal activities easier, and at a larger scale. It's quite common right now for companies to be coerced pay millions of dollars to anonymous criminals, all enabled with cryptocurrencies. For the vast majority of businesses/individuals, it is governments and banking cartels the ones stealing your money (via inflation and fractional reserve respectively) without recourse. Switching t…
Re: Money transfer - it's not clear why money going to criminal organization is better than the government. Also, since most people actually have negligible savings, it's not clear that inflation actually "steals" money from the people. Re: Energy use - A single Bitcoin transaction is around $8 today. If you assume an efficient market, where the cost to compute Bitcoin is roughly equivalent to the energy cost, that's…
Don't put words in my mouth that I didn't say (or rather, typed). I never said it's better. Government&banks-robbing-all is a worthy cause to fight anytime, even if it doesn't directly help the criminals-robbing-a-few problem, because actually, the latter already happens today, and will always happen (sadly). So we must fix one thing at a time.