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Good. Bitcoin needs to die. It is destroying the planet while helping criminals, extortionists and scammers.
by user-the-name 6y ago
Good. Bitcoin needs to die. It is destroying the planet while helping criminals, extortionists and scammers.
- SuoDuanDao 6y agoThe discontent with the existing banking system that made Bitcoin seem like a better solution isn't going away.
- api 6y agoCase study in replacing something bad with something worse.
- user-the-name 6y agoFine. Come up with something else then once we eradicate Bitcoin.
- SuoDuanDao 6y agoI'd rather destroy the corrupt banking system first. Human rationality will bring down the price of whatever replaces it. I have sympathy for your position, I do, but you can't take that hard a line and not sound like you're simply defending the current set of monopolies.
- rglover 6y agoNow tell me your thoughts on cash.
- user-the-name 6y agoBetter on every single front than Bitcoin.
- rglover 6y agoEven how it's minted and by whom?
- pjc50 6y agoIt's been minted by the state since the Bronze age - since well before the invention of either the modern state or modern banking - and this seems to work?
- rglullis 6y agoI am yet to meet anyone who is so rabidly anti-crypto and is not from a developed/stable country. Check with people from Argentina, Venezuela, anyone that lived in the 1980's Brazil, Ecuador, Turkey, Lebanon, Greece... see if they really think if relying on the State and their financial systems is a good idea.
- ben_w 6y agoNo doubt. What I don’t understand is why you go from not trusting the state to trusting a different currency which the state you don’t trust could just ban outright at any time.
- rglullis 6y agoBlack markets were a thing in the Soviet Union. Not trusting the State does not mean that the State is able to exert absolute control over people's lives. In fact, I'd say that the less trust the people have on the State, the more "illegal" activities people practice.
- user-the-name 6y agoNewsflash: They don't think burning the planet to do two transactions per seconds is a solution to those problems they faced, either.
- user-the-name 6y agoYep.
- disruptalot 6y agoSo is just about every other technology you can imagine. Namely air travel. Maybe you have clearer points. Probably they've been debunked 100 times over.
- user-the-name 6y agoNothing on the planet has anywhere near the same ratio of criminality to utility, or planetary destructiveness to utility that bitcoin has. It is way, WAY off the charts. It is unimaginably bad.
- snakeboy 6y agoHow do you even define "debunked" here? It's a subjective conclusion as to whether the immense energy costs are justified by the net value added to society. Personally, I'd tend towards air travel being a net positive, while Bitcoin is well into the negative.
- louwrentius 6y agoI agree [0] [0]: https://louwrentius.com/cryptocurrencies-are-detrimental-to-society.html https://louwrentius.com/cryptocurrencies-are-detrimental-to-...