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"If Bitcoin was released before online banking, would you have said the same?" That's a non-sequitor, because as long as the world is 'online' there can effect
by sonnyblarney 8y ago
"If Bitcoin was released before online banking, would you have said the same?"
That's a non-sequitor, because as long as the world is 'online' there can effectively be 'online banking'.
And of course we need 'online' to have Bitcoin.
Are you suggesting people did Bitcon by mail?
One day we might find something useful for it to do, but not for a while.
Let's stop wasting vast amounts of electricity until we figure out something useful for it to do, as of today, there are none.
- baby 8y ago> That's a non-sequitor, because as long as the world is 'online' there can effectively be 'online banking'. Of course, but online banking has been bad for a very long time (it's still bad in the US, you can't easily transfer money around compared to Europe). Bitcoin was effectively better than banking before a certain point in history, and worked out of the box without all the banking infrastructure, it would have won back then. > Let's stop wasting vast amounts of electricity until we figure out something useful for it to do, as of today, there are none. It shows that you know nothing about cryptocurrencies. The innovation and current research in the field tackles, among other issues, the energy issue of bitcoin. (Check Algorand for an example.)