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I've reached the consensus that any company investing in Bitcoin doesn't actually care about the future of the planet.

by cecida 6y ago

RIMR 6y ago
I view it more along the lines of business owners being more and more willing to take company funds to the casino.
- tinus_hn 6y ago
  In most casino games you can’t really influence you chances of winning
missedthecue 6y ago
How would this be different from saying that anyone who drives an SUV or plays computationally intense computer games doesn't care about the future of the planet? If it isn't different, is it really that much of an insightful statement beyond "people tend to do what they think is their own personal self interest"?
- rscho 6y ago
  There's a gradation in carelessness and selfishness, though...
- wmf 6y ago
  You can choose to drive an electric car or a gas car. Likewise you can choose to use PoS coins or PoW coins.
pavlov 6y ago
Personally I agree. It's a signal that a company is run by people whose values are fundamentally different than mine. I've bought a Tesla in the past and was mostly happy with it, but I'll never get another one. (I'm sure they won't miss my business, as Musk's antics are presumably gaining them many enthusiastic customers. Still, buying elsewhere is the only power we customers have.)
- totheloop 6y ago
  Hacker News discussions always mention Bitcoin's energy usage, but fail to consider a couple points about this: for example, the 2nd-largest cryptocurrency, Ethereum, is moving to a model that will use a fraction of the electricity it currently does, and that mining is a far smaller pressure to migrate the renewable grid than other industrial uses of energy. It is, basically, an unconsidered meme. I suggest you do some research on the topic; the Tesla you drive (I drive an EV, too) needs a renewable grid, too.
totheloop 6y ago
This is the first company for whom you've reached this conclusion...and Bitcoin was the forcing function? Never heard of BP or Shell?
bottled_poe 6y ago
I feel they also underestimate the ability for governments to ban cryptocurrency completely.
offby37years 6y ago
Here is a great example of the power of misinformation at work folks.

I've reached the consensus that any company investing in Bitcoin doesn't actually care about the future of the planet.

by cecida 6y ago

I've reached the consensus that any company investing in Bitcoin doesn't actually care about the future of the planet.

RIMR 6y ago

I view it more along the lines of business owners being more and more willing to take company funds to the casino.

tinus_hn 6y ago
In most casino games you can’t really influence you chances of winning

missedthecue 6y ago

How would this be different from saying that anyone who drives an SUV or plays computationally intense computer games doesn't care about the future of the planet? If it isn't different, is it really that much of an insightful statement beyond "people tend to do what they think is their own personal self interest"?

rscho 6y ago
There's a gradation in carelessness and selfishness, though...
wmf 6y ago
You can choose to drive an electric car or a gas car. Likewise you can choose to use PoS coins or PoW coins.

pavlov 6y ago

Personally I agree. It's a signal that a company is run by people whose values are fundamentally different than mine. I've bought a Tesla in the past and was mostly happy with it, but I'll never get another one. (I'm sure they won't miss my business, as Musk's antics are presumably gaining them many enthusiastic customers. Still, buying elsewhere is the only power we customers have.)

totheloop 6y ago
Hacker News discussions always mention Bitcoin's energy usage, but fail to consider a couple points about this: for example, the 2nd-largest cryptocurrency, Ethereum, is moving to a model that will use a fraction of the electricity it currently does, and that mining is a far smaller pressure to migrate the renewable grid than other industrial uses of energy. It is, basically, an unconsidered meme. I suggest you do some research on the topic; the Tesla you drive (I drive an EV, too) needs a renewable grid, too.

totheloop 6y ago

This is the first company for whom you've reached this conclusion...and Bitcoin was the forcing function? Never heard of BP or Shell?

bottled_poe 6y ago

I feel they also underestimate the ability for governments to ban cryptocurrency completely.

offby37years 6y ago

Here is a great example of the power of misinformation at work folks.