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Bitcoin doesn't work in any meaningful sense. It can't be used for purchases in most contexts and you can't use it as a stable store of value. It is also contro
by astazangasta 8y ago
Bitcoin doesn't work in any meaningful sense. It can't be used for purchases in most contexts and you can't use it as a stable store of value. It is also controlled by dubious actors and mining is a horribly destructive practice, both in terms of environmental waste and the constant nuisance of people stealing CPU time. But you were saying?
- trophycase 8y agoIf you're saying "Bitcoin doesn't work in any meaningful sense" you simply just haven't used Bitcoin. It works absolutely fine, even great most of the time, and accomplishes what I personally see as its purpose.
- kadendogthing 8y agoYep. Perfectly fine as tech beanie babies.
- sametmax 8y agoAs a POC of an alternative medium of paiement. As an idea, a hope, the starting point for iterating on the future of money. As a way to make the society think and debate. And as all that, I think it had been successful.
- kadendogthing 8y agoWhat exactly are your measures for success?
- driverdan 8y agoIn what way? * Mining has become highly centralized, the opposite of its original intent. * Transaction fees are too high to justify its use in every day transactions and small transfers. * Very few merchants accept it for every day transactions, and the number has decreased over time.
- cherafel 8y agoIt can be used for purchases via services like Bitpay which can automatically give a fiat value for the cryptocurrency amount, hence shielding you from price volatility. Generally though, merchants wouldn't bother accepting it. Alongside the fees and whatnot, adoption is too low, fees are too high, time to confirm is too high, and it can complicate some legal stuff (like issuing VAT invoices).
- GoblinSlayer 8y agoMining is the most harmless use of botnets.