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Bitcoin saves lives in Venezuela, you people need to get your head from your asses, first world is not the only world.
by down 9y ago
Bitcoin saves lives in Venezuela, you people need to get your head from your asses, first world is not the only world.
- nugi 9y agoAnd bitcoin also pays for murders, launders money, etc. I feel, just as cash, it is quite ethics agnostic. Not knocking cryptocoin, just don't pretend it is a singular force for good. It is representation of capitol, albeit in a unique way.
- realusername 9y agoI highly doubt Bitcoin is much used for laundering money, transactions are all happening in clear and if you try to hide traces by creating multiple addresses you are going destroy your capital in transfer fees (which are very high right now). It's clearly not the best currency to hide untraceable money.
- byte1918 9y agoWouldn't it be possible to temporarily switch to an intermediary altcoin (eg. ethereum, btc) ? I'm not invested nor an expert in any crytocurrency, so please correct me if I'm wrong.
- realusername 9y agoMonero I think can be used for this, other main coins have a public ledger.
- pluma 9y agoI'd argue it's easier to use BTC securely when you're already laundering money than when you want to use it legitimately. Just use throwaway wallets to receive BTC, pay for goods that can be converted to physical cash and proceed laundering that cash as usual. It's no surprise all the cryptolocker viruses asked for bitcoin payments or cash equivalent cards.
- 0xFFC 9y ago>And bitcoin also pays for murders, launders money, etc. From scientific perspective this is not true. Bitcoin is way more open and traceable than good old dollars.
- byte1918 9y agohttps://en.wikipedia.org/wiki/Appeal_to_emotion https://en.wikipedia.org/wiki/Appeal_to_emotion Appeal to emotion or argumentum ad passiones is a logical fallacy characterized by the manipulation of the recipient's emotions in order to win an argument, especially in the absence of factual evidence.
- the_gastropod 9y agoAnd destroys lives by contributing heavily to CO2 emissions which, funny enough, have an outsized impact on the citizens of third world countries.
- pteredactyl 9y agoLook up energy consumption of other worldwide services, like gold mining. Then get back to me.
- the_gastropod 9y agoLook up whataboutism [1], then get back to me ;-) [1] https://en.wikipedia.org/wiki/Whataboutism https://en.wikipedia.org/wiki/Whataboutism
- pteredactyl 9y agolol, touche
- 0xFFC 9y agoIt is not fault of bitcoin you are burning oil/etc for mining it. Use renewable energy.
- the_gastropod 9y agoI'd love for that to happen! But as it stands, when you use electricity, you're using whatever the grid supplies. And for Bitcoin miners especially, this power largely comes from burning coal.
- JoeAltmaier 9y ago...which could have been used to replace productive fossil fuel expenditures. It doesn't matter how you fuel egregious waste; its still a pointless thing to do?
- dang 9y agoWe've banned this account for repeatedly posting unsubstantive comments and ignoring our request to stop. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newswelcome.html https://news.ycombinator.com/newswelcome.html