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> I think a more intellectually interesting debate to have is whether or not Bitcoin is useful to society, and whether or not its utility justifies the costs.
by soVeryTired 8y ago
> I think a more intellectually interesting debate to have is whether or not Bitcoin is useful to society, and whether or not its utility justifies the costs.
I honestly don't think it's an interesting debate. It's been done to death, and neither side will ever make any headway in convincing the other.
- Fnoord 8y agoNot sure anything regarding Bitcoin hasn't been discussed to death. In this case, perhaps because there's no easy yes/no answer to it. I'm an opponent of Bitcoin and cryptocurrency in general. I find the environment important. However, I can attest there are valid use cases for cryptocurrency. I don't think there are valid use cases for me (a European utilizing the EUR who's not interested in tax avoidance or buying illegal utilities) though. So for me cryptocurrencies are not only irrelevant, they're harmful.
- clarky07 8y agoNot sure if you are aware, but not all crypto is based on proof of work (mining). There are other algorithms that don't waste tons of energy and still provide the benefits of crypto. Also, they can be useful for things other than tax avoidance and illegal utilities.
- Fnoord 8y agoExcluding the use cases of tax avoidance and illegal utilities how is it more useful than EUR? They're all more volatile / less stable than EUR.
- clarky07 8y agoYou can’t generally send EUR anywhere in the world for free in seconds. You can’t pay for things in EUR with 0 fees. There are some crypto’s that can do all of those things.