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I don't disagree with the weaknesses you point out, but I do think "abandon entirely" is an extreme stance. It's completely possible for bitcoin to lose while s
by dave_sullivan 6y ago
I don't disagree with the weaknesses you point out, but I do think "abandon entirely" is an extreme stance. It's completely possible for bitcoin to lose while some other crypto (or basket of crypto coins) wins.
- tsimionescu 6y agoIt's important to remember that Bitcoin (and other proof-of-work coins) have a very real and direct environmental cost. Given the state of global warming and how urgent it is to stop it, I believe that letting miners continue to waste energy is a much more extreme stance than stopping them today (with some kind of compensation program for their and others' investments in bitcoin, of course you can't just delete a trillion dollars worth of people's money in a minute).