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Green hackers around the world, let’s destroy Bitcoin

franck-leroy.medium.com

1–10 of 266 posts

Re: Green hackers around the world, let’s destroy Bitcoin

#2
> Finally, it is not even necessary that a computer attack actually take place, but that speculators fear it. If a group of hackers (real or fake) announced an impending attack, the price of Bitcoin would likely collapse.

> If you’re not a green hacker, and you’re not doing it for the planet, you can also do it for the money: by speculating downward on the price of bitcoin before launching attacks.

Or the speculators make just laugh about the threats of script kiddies and the price will not change and you will loose money.

Re: Green hackers around the world, let’s destroy Bitcoin

#4
> If a group of hackers (real or fake) announced an impending attack, the price of Bitcoin would likely collapse.

Look further: What would happen after the attacks failed, when not even the green hackers can do anything to their network ? Nobody can currently shut it down, that's also why it is valuable.

Re: Green hackers around the world, let’s destroy Bitcoin

#8
TLDR: Troll-piece, that cannot actually be serious, written by self-professed green hacker whose fluttering and tenuous sense of meaning, value in life and connection to the universe are challenged by the existence of things like Bitcoin, the absurdity inherent in nature, Versace, and an artist’s shit in a can that sold for over 100k at Sotheby’s according to Wikipedia.

Re: Green hackers around the world, let’s destroy Bitcoin

#10
I supported bitcoin when it first came out because I support the idea of decentralised, trustless money. Far too much money is redirected into the hands of financial workers who are not adding any value to the economy. Finance is good and necessary, but the way it currently works is not.

But bitcoin simply does not work as money. There is really no doubt about this. Even the biggest proponents of bitcoin right now call it a "digital gold". But we don't need a digital gold. We have gold and gold has none of the same problems as money and is a far more stable storage of wealth. Today bitcoin proponents don't understand what Satoshi was trying to do. So I'm in agreement that this is all just a monstrous waste of resources at this point.

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