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Tell me more about the exponentially increasing pollution/costs of printing money, please. Tell me more about strawman arguments. I specifically alleged that
by justaaron 7y ago
Tell me more about the exponentially increasing pollution/costs of printing money, please.
Tell me more about strawman arguments.
I specifically alleged that "proof of work" is a bad idea.
- jraedisch 7y agoA more economical solution that keeps all of Bitcoin's benefits would be nice, but it is not clear at all, whether that is possible. By forbidding Bitcoin large countries might make a dent in its adoption curve and push the problem back a couple of years, but that won't be a long term solution. Sooner or later we will probably have a globally accepted uninflatable reserve currency that uses a lot of energy, until another genius finds a more economical way to keep our savings safe.
- jraedisch 7y agoSome bitcoiners would also argue that saving will lead to more informed and contemplated spending, thus reducing waste. Some are already saving a lot because they are expecting benefits in the future, a feeling which might have gotten lost in the recent past.