4 ms·
I perhaps downplayed the flippancy in my previous comment. I'm aware of the theory and impact to the cryptocurrency world of a 51% attack. I honestly believe t
by jrp55 8y ago
I perhaps downplayed the flippancy in my previous comment. I'm aware of the theory and impact to the cryptocurrency world of a 51% attack.
I honestly believe that the electricity usage - and therefore climate-change impact - of cryptocurrencies to far outweigh the benefits they bring.
I think that the "value... march towards zero" is a good thing because "wasting electricity perpetually" is a bad thing. I don't think we should care about the losses of people who willingly bought into a wild-west scheme.
edited: formatting
- SlowRobotAhead 8y agoI don’t know who to root for between the people who don’t care bitcoin is a massive waste in power but engage with it anyhow because I enjoy the hypocrisy and sight of their surface level convictions - or - the people who want tech to crash and people to be burned by that. I guess the latter as future techs could be made less wasteful.
- jrp55 8y agoTo be clear, it's not wanting "people to be burned" by this, it's a "not caring about their losses" due to this. But I see where you're coming from.