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Nobody ever said that Bitcoin was a efficient system. It has other qualities that worth it.

• newswasboring 6y ago
  Every time anyone brings up a problem with Bitcoin someone says this. It seems like bitcoin is not designed for anything but existing.
  • wickoff 6y ago
    Exactly right. All needs to do is outlast everything else. This where the store of value narrative comes from.
    • kgwgk 6y ago
      And when it goes down 75% in a few months it doesn't matter because if your intention was not to "store value" until the end of time you're doing it wrong. HODL!
• hshshs2 6y ago
  couldn’t it be replaced with something that’s not terribly broken? then we can save the energy expended in all these mental gymnastics too
• anigbrowl 6y ago
  Indeed it does, but generally in industry and technology one goes from inefficient prototype that serves as proof of concept to a more efficient one. Do other cryptocurrencies not improve on Bitcoin in some way? If so, why does it continue to have value despite its agreed-upon flaws? If not, why do they have any value?