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Tell that to citizens of Greece when the banks took 20% of everyone's life savings a few years ago. Tell that to the 3B people in the world who live on less th

Tell that to citizens of Greece when the banks took 20% of everyone's life savings a few years ago. Tell that to the 3B people in the world who live on less than $2/day and banks will not deal with them. You make claims that traditional payment systems are more efficient.... but did not include an energy calculation to maintain those banks, armoured cars, and infrastructure as compared to bitcoin energy consumption.

root_axis 8y ago
>$2/day and banks will not deal with them People living on $2 a day generally don't have reliable access to computers, electricity, internet or the technical literacy necessary to navigate the cryptocurrency minefield.
- bitcoinisqueen 8y ago
  No. You are out of touch. https://www.google.com/amp/amp.timeinc.net/fortune/2016/01/15/cellphone-toilet https://www.google.com/amp/amp.timeinc.net/fortune/2016/01/1... The fact is that 20% of the world's poorest has a smartphone and is in many cases more valuable than running water or sanitation. Within 10-20 years we will have 50km range wifi, with solar powered batteries and ultra low cost computing power and many more of the poor will be brought into the connected economica world via smartphones, long range power and internet tech and micro transactions with ultra low fees powered by tech like bitcoin (cash). The last startup I worked at 3 years ago sold Android smartphones for $5 USD. Unbelievable that I get called out of touch when the author is a couple years behind the curve. Nice vision and imagination, man.
  - dang 8y ago
    Would you please stop posting flamebait comments on divisive topics to Hacker News? It's not what this site is for. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
    - bitcoinisqueen 8y ago
      It is divisive to point out that the hype behind crypto currencies has to do with empowering the poor? My apologies for bringing up facts when parent brought a personal attack.
      - dang 8y ago
        This reply is itself a good example of the flamewar style: low substance, hot topic, irritable rhetoric. I understand the temptation to post this way, but on HN we're trying to eke out a small space not dominated by it. The idea here is thoughtful conversation. You're welcome to participate in that, but not to turn it into something different, which is what flamebait and flamewars do.
        deleted 8y ago
        [deleted]
- dang 8y ago
  Crossing into personal attack like this breaks the HN guidelines and demonstrably leads to worse, as demonstrated below. Please don't do this here. Maybe you don't owe better to someone else who you consider wrong, but you do owe better to the community. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
  - root_axis 8y ago
    You're right. Edited to remove personal attack.

root_axis 8y ago

>$2/day and banks will not deal with them People living on $2 a day generally don't have reliable access to computers, electricity, internet or the technical literacy necessary to navigate the cryptocurrency minefield.

bitcoinisqueen 8y ago
No. You are out of touch. https://www.google.com/amp/amp.timeinc.net/fortune/2016/01/15/cellphone-toilet https://www.google.com/amp/amp.timeinc.net/fortune/2016/01/1... The fact is that 20% of the world's poorest has a smartphone and is in many cases more valuable than running water or sanitation. Within 10-20 years we will have 50km range wifi, with solar powered batteries and ultra low cost computing power and many more of the poor will be brought into the connected economica world via smartphones, long range power and internet tech and micro transactions with ultra low fees powered by tech like bitcoin (cash). The last startup I worked at 3 years ago sold Android smartphones for $5 USD. Unbelievable that I get called out of touch when the author is a couple years behind the curve. Nice vision and imagination, man.
- dang 8y ago
  Would you please stop posting flamebait comments on divisive topics to Hacker News? It's not what this site is for. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
  - bitcoinisqueen 8y ago
    It is divisive to point out that the hype behind crypto currencies has to do with empowering the poor? My apologies for bringing up facts when parent brought a personal attack.
    - dang 8y ago
      This reply is itself a good example of the flamewar style: low substance, hot topic, irritable rhetoric. I understand the temptation to post this way, but on HN we're trying to eke out a small space not dominated by it. The idea here is thoughtful conversation. You're welcome to participate in that, but not to turn it into something different, which is what flamebait and flamewars do.
      - deleted 8y ago
        [deleted]
dang 8y ago
Crossing into personal attack like this breaks the HN guidelines and demonstrably leads to worse, as demonstrated below. Please don't do this here. Maybe you don't owe better to someone else who you consider wrong, but you do owe better to the community. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- root_axis 8y ago
  You're right. Edited to remove personal attack.