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You ask commenters to be kind and say you want to have a good conversation but start your comment by declaring the viewpoint you disagree with as BS. I would s

You ask commenters to be kind and say you want to have a good conversation but start your comment by declaring the viewpoint you disagree with as BS. I would suggest that is not an effective way of starting a conversation.

simonebrunozzi 6y ago
I should have explained the "BS" part at the beginning of my comment in a different way. I think that comparing Bitcoin energy consumption with a country (it used to be Chile, now Argentina), while technically correct, misses the big picture. I also avoided a discussion on the true cost of having a global currency like the US$, which one might argue pollutes far more (military, etc).
- JKCalhoun 6y ago
  > I think that comparing Bitcoin energy consumption with a country (it used to be Chile, now Argentina), while technically correct, misses the big picture. I think a comparison like that actually is the big picture. Maybe your arguments point though to more nuance.
newsclues 6y ago
People don’t want conversations about Bitcoin, they want to defend their financial positions.
addicted 6y ago
In the spirit of actually answering your question, first let’s just say that complaining about critics treating something named BitCOIN by its creators and something that has been promoted as an alternate currency from its creators to at least a decade of its supporters as a currency (Its the top cryptoCURRENCY) as currency is unfair to say the least. The whole shift of calling it a store of value as opposed to currency that Bitcoin supporters have started over the past couple of years is very clearly a post hoc justification for its existence. The problem, however, is that BTC isn’t even a very good store of value. Golds pricing has never collapsed 10x over the matter of months and nor has it risen 5-10x over the matter of months. As a result BTC isn’t even a very good store of value. It’s currently, at best, a pure speculative asset. It’s like the GME trading from a week ago taken to its logical extreme. A speculative asset that has no relationship to its underlying fundamentals. Much like how GME’s price was completely divorced from any fundamentals of the company, BTC is like saying let’s do that thing, but why even bother with tethering GME the stock to an underlying company. Let it just exist on its own. That’s what BTC is at the moment. GME if GameStop didn’t exist.

simonebrunozzi 6y ago

I should have explained the "BS" part at the beginning of my comment in a different way. I think that comparing Bitcoin energy consumption with a country (it used to be Chile, now Argentina), while technically correct, misses the big picture. I also avoided a discussion on the true cost of having a global currency like the US$, which one might argue pollutes far more (military, etc).

JKCalhoun 6y ago
> I think that comparing Bitcoin energy consumption with a country (it used to be Chile, now Argentina), while technically correct, misses the big picture. I think a comparison like that actually is the big picture. Maybe your arguments point though to more nuance.

newsclues 6y ago

People don’t want conversations about Bitcoin, they want to defend their financial positions.

addicted 6y ago

In the spirit of actually answering your question, first let’s just say that complaining about critics treating something named BitCOIN by its creators and something that has been promoted as an alternate currency from its creators to at least a decade of its supporters as a currency (Its the top cryptoCURRENCY) as currency is unfair to say the least. The whole shift of calling it a store of value as opposed to currency that Bitcoin supporters have started over the past couple of years is very clearly a post hoc justification for its existence. The problem, however, is that BTC isn’t even a very good store of value. Golds pricing has never collapsed 10x over the matter of months and nor has it risen 5-10x over the matter of months. As a result BTC isn’t even a very good store of value. It’s currently, at best, a pure speculative asset. It’s like the GME trading from a week ago taken to its logical extreme. A speculative asset that has no relationship to its underlying fundamentals. Much like how GME’s price was completely divorced from any fundamentals of the company, BTC is like saying let’s do that thing, but why even bother with tethering GME the stock to an underlying company. Let it just exist on its own. That’s what BTC is at the moment. GME if GameStop didn’t exist.