4 ms·

Your post is very uninformed. Transaction speed is a function of timestamping mechanism of the consensus protocol. If that’s the only measure you decide whethe

Your post is very uninformed. Transaction speed is a function of timestamping mechanism of the consensus protocol. If that’s the only measure you decide whether the currency is shit - fair, don’t use it. FWIW cross-bank transfers aren’t instant too, shall I give you my credentials so you could promptly dispense of all the worthless shit money you have? Lightning network is active on mainnet, not sure what exactly batted that information from reaching you. Revokation of debit cards had nothing to do with bitcoin and there are plenty of companies that still offer them. That some merchants choose to drop support because low value transactions aren’t economical is unfortunate but also temporary. > when it consumes more energy than my entire country, it is Nope, still not a blip. So yourself a favor and spend more than 5 seconds to inform yourself on the topic. > How about you look up the word in your dictionary, called environment? You’re conflating energy use with energy source, nobody is burning oil to mine bitcoins - those guys are out of business. > wake me up when That explains everything - instead of informing yourself on the topic you just went to sleep. Bitcoin debit cards mostly cover those requirements btw.

Fnoord 9y ago
> If that’s the only measure you decide whether the currency is shit - fair, don’t use it. Reductio ad absurdum. I mentioned several reasons. > Lightning network is active on mainnet, not sure what exactly batted that information from reaching you. Why are Bitcoin transactions still slow? > Revokation of debit cards had nothing to do with bitcoin and there are plenty of companies that still offer them. Of course it is related to Bitcoin. Please link 5 of these currently valid Bitcoin debit card products. If they're so rampantly available, surely you can link 5 easily? > That some merchants choose to drop support because low value transactions aren’t economical is unfortunate but also temporary. Yeah, life is temporary as well rolleyes. This is a non-argument. You cannot tell when the problem is solved, and its a severe issue for adoption of Bitcoin. > Nope, still not a blip. So yourself a favor and spend more than 5 seconds to inform yourself on the topic. Yet, it is, and I can't be bothered to spend time to reply to the rest of your ad hominem. > You’re conflating energy use with energy source, nobody is burning oil to mine bitcoins - those guys are out of business. I didn't mention oil (ever heard of Co2?). I mentioned that power source has impact on the environment because that is reality 101. If I have 100 buckets of sustainable water, and I piss in 90 of them, then the rest of the world only got 10 buckets of sustainable water left for general consumption. Which is a loss of sustainable energy. So using unnecessarily vast amounts of energy is a loss for the environment. Of course this isn't in the interest of miners or Bitcoin evangelist like yourself. > That explains everything That explains nothing, its just one of your ad hominem fallacies which tells the reader something about you, not me. Instead, this explains everything: https://en.wikipedia.org/wiki/Multi-level_marketing https://en.wikipedia.org/wiki/Multi-level_marketing Dear reader, please don't fall for the Bitcoin scam. Read the above link instead, and notice the parallels with the Bitcoin/cryptocurrency mania. Specifically, the parallel with ICO and early adopters of cryptocurrencies.
- keymone 9y ago
  > I mentioned several reasons. "Of course it wasn't supposed to be instant. That's why its a shit system to use as currency" no you didn't. > Why are Bitcoin transactions still slow? that blanket statement is false and again illustrates how little you know about bitcoin. bitcoin transactions confirm within 10 minutes provided adequate fees. the lower fee you choose to pay the more you will have to wait until confirmation. speed is function of fees. if you intended to ask "why aren't all transactions on lightning and therefore instant?" then it's because lightning is still in very early stages and is only starting to get adoption. > Of course it is related to Bitcoin it was related to one visa card issuer (wavecrest) that decided to discontinue support without any explanation. debit card providers that didn't rely on wavecrest are doing fine (and those that did - are moving to new issuers). quick google shows a whole bunch: cryptopay.me, bitpay, spectrocoin, xapo, www.shiftpayments.com. there's 5 for you. > Yeah, life is temporary as well rolleyes. This is a non-argument. You cannot tell when the problem is solved, and its a severe issue for adoption of Bitcoin. this is possibly a non argument for you as a person who knows very little about the space. everybody is aware that issue exists and makes a lot of low value transactions on chain economically not viable, that is exactly why lightning was developed. > I can't be bothered to spend time to reply to the rest of your ad hominem. you sure can't be bothered to educate yourself on the topic. as it seems you're from netherlands, your country's total energy consumption in 2012 was 82 Mtoe, total world energy consumption was 9000 Mtoe and world energy production was 13300 Mtoe. as i said - not even a blip, just find some courage to admit you were wrong. alternatively you could of course start arguing that 0.9% is totally a blip, in which case i'm at least happy to leave you better informed. > If I have 100 buckets of sustainable water, and I piss in 90 of them, then the rest of the world only got 10 buckets of sustainable water left for general consumption it's called a free market. if it is economically viable for mining companies to spend energy at their location for the price at that location - not much you can do about it. > So using unnecessarily vast amounts of energy is a loss for the environment it's only unnecessary by your definition and understanding of bitcoin. > Dear reader, please don't fall for the Bitcoin scam. Read the above link instead, and notice the parallels with the Bitcoin/cryptocurrency mania. Specifically, the parallel with ICO and early adopters of cryptocurrencies. yeah, i totally agree about most altcoins and ICOs. the rest is just you being angry and extrapolating more than you should.

Fnoord 9y ago

> If that’s the only measure you decide whether the currency is shit - fair, don’t use it. Reductio ad absurdum. I mentioned several reasons. > Lightning network is active on mainnet, not sure what exactly batted that information from reaching you. Why are Bitcoin transactions still slow? > Revokation of debit cards had nothing to do with bitcoin and there are plenty of companies that still offer them. Of course it is related to Bitcoin. Please link 5 of these currently valid Bitcoin debit card products. If they're so rampantly available, surely you can link 5 easily? > That some merchants choose to drop support because low value transactions aren’t economical is unfortunate but also temporary. Yeah, life is temporary as well rolleyes. This is a non-argument. You cannot tell when the problem is solved, and its a severe issue for adoption of Bitcoin. > Nope, still not a blip. So yourself a favor and spend more than 5 seconds to inform yourself on the topic. Yet, it is, and I can't be bothered to spend time to reply to the rest of your ad hominem. > You’re conflating energy use with energy source, nobody is burning oil to mine bitcoins - those guys are out of business. I didn't mention oil (ever heard of Co2?). I mentioned that power source has impact on the environment because that is reality 101. If I have 100 buckets of sustainable water, and I piss in 90 of them, then the rest of the world only got 10 buckets of sustainable water left for general consumption. Which is a loss of sustainable energy. So using unnecessarily vast amounts of energy is a loss for the environment. Of course this isn't in the interest of miners or Bitcoin evangelist like yourself. > That explains everything That explains nothing, its just one of your ad hominem fallacies which tells the reader something about you, not me. Instead, this explains everything: https://en.wikipedia.org/wiki/Multi-level_marketing https://en.wikipedia.org/wiki/Multi-level_marketing Dear reader, please don't fall for the Bitcoin scam. Read the above link instead, and notice the parallels with the Bitcoin/cryptocurrency mania. Specifically, the parallel with ICO and early adopters of cryptocurrencies.

keymone 9y ago
> I mentioned several reasons. "Of course it wasn't supposed to be instant. That's why its a shit system to use as currency" no you didn't. > Why are Bitcoin transactions still slow? that blanket statement is false and again illustrates how little you know about bitcoin. bitcoin transactions confirm within 10 minutes provided adequate fees. the lower fee you choose to pay the more you will have to wait until confirmation. speed is function of fees. if you intended to ask "why aren't all transactions on lightning and therefore instant?" then it's because lightning is still in very early stages and is only starting to get adoption. > Of course it is related to Bitcoin it was related to one visa card issuer (wavecrest) that decided to discontinue support without any explanation. debit card providers that didn't rely on wavecrest are doing fine (and those that did - are moving to new issuers). quick google shows a whole bunch: cryptopay.me, bitpay, spectrocoin, xapo, www.shiftpayments.com. there's 5 for you. > Yeah, life is temporary as well rolleyes. This is a non-argument. You cannot tell when the problem is solved, and its a severe issue for adoption of Bitcoin. this is possibly a non argument for you as a person who knows very little about the space. everybody is aware that issue exists and makes a lot of low value transactions on chain economically not viable, that is exactly why lightning was developed. > I can't be bothered to spend time to reply to the rest of your ad hominem. you sure can't be bothered to educate yourself on the topic. as it seems you're from netherlands, your country's total energy consumption in 2012 was 82 Mtoe, total world energy consumption was 9000 Mtoe and world energy production was 13300 Mtoe. as i said - not even a blip, just find some courage to admit you were wrong. alternatively you could of course start arguing that 0.9% is totally a blip, in which case i'm at least happy to leave you better informed. > If I have 100 buckets of sustainable water, and I piss in 90 of them, then the rest of the world only got 10 buckets of sustainable water left for general consumption it's called a free market. if it is economically viable for mining companies to spend energy at their location for the price at that location - not much you can do about it. > So using unnecessarily vast amounts of energy is a loss for the environment it's only unnecessary by your definition and understanding of bitcoin. > Dear reader, please don't fall for the Bitcoin scam. Read the above link instead, and notice the parallels with the Bitcoin/cryptocurrency mania. Specifically, the parallel with ICO and early adopters of cryptocurrencies. yeah, i totally agree about most altcoins and ICOs. the rest is just you being angry and extrapolating more than you should.