4 ms·

No need for quotes, it is an absolute waste of energy and effort on a planetary scale with no benefit whatsoever.

new2628 6y ago
Vote away, hurt bitcoiners. EDIT: sorry for the silly remark, ironically, the original comment stands at +10 at the moment after starting deep in the negative.
- kinghajj 6y ago
  Only this comment, since it's so immature.
banachtarski 6y ago
It's an "extreme statement" but to be honest, I'm inclined to agree. As a currency, it's an absolute failure. Far too volatile, illiquid, and unregulated to be even remotely usable/reliable. As for everything else? It's still looking for a "solution" that isn't just something hype driven.
- 535188B17C93743 6y ago
  Unfortunately, its technology (or maybe the combo of its popularity and technology) never really allowed for it to become anything but a speculative asset.
- nikivi 6y ago
  Do you have any thoughts on what would make a better cryptocurrency? Either in the works and what works already? Perhaps things like Cardano (https://www.cardano.org https://www.cardano.org) or Polkadot (https://polkadot.network https://polkadot.network) are better?
wyldfire 6y ago
> no benefit whatsoever Clearly, the benefits for any energy consumption should be seen from the point of view of the consumer. They wouldn't do it if it were of no benefit. It would be more fair for you to describe the distributed ledger clearing as of no value to you. Because it definitely has a value to some folks. That said: some other cryptocoins do indeed provide a ledger like bitcoin, still decentralized and trustless, but without mining (and without block rewards).
dang 6y ago
Can you please not take HN threads further into flamewar like this? It's bad for curious conversation. Generic discussions that have been repeated many times already never lead anyplace new; especially not indignant generic discussions. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html

Vote away, hurt bitcoiners. EDIT: sorry for the silly remark, ironically, the original comment stands at +10 at the moment after starting deep in the negative.

kinghajj 6y ago
Only this comment, since it's so immature.

banachtarski 6y ago

It's an "extreme statement" but to be honest, I'm inclined to agree. As a currency, it's an absolute failure. Far too volatile, illiquid, and unregulated to be even remotely usable/reliable. As for everything else? It's still looking for a "solution" that isn't just something hype driven.

535188B17C93743 6y ago
Unfortunately, its technology (or maybe the combo of its popularity and technology) never really allowed for it to become anything but a speculative asset.
nikivi 6y ago
Do you have any thoughts on what would make a better cryptocurrency? Either in the works and what works already? Perhaps things like Cardano (https://www.cardano.org https://www.cardano.org) or Polkadot (https://polkadot.network https://polkadot.network) are better?

wyldfire 6y ago

> no benefit whatsoever Clearly, the benefits for any energy consumption should be seen from the point of view of the consumer. They wouldn't do it if it were of no benefit. It would be more fair for you to describe the distributed ledger clearing as of no value to you. Because it definitely has a value to some folks. That said: some other cryptocoins do indeed provide a ledger like bitcoin, still decentralized and trustless, but without mining (and without block rewards).

dang 6y ago

Can you please not take HN threads further into flamewar like this? It's bad for curious conversation. Generic discussions that have been repeated many times already never lead anyplace new; especially not indignant generic discussions. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html