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Still no valid usecase found for Bitcoin, aside from being a number-is-green-and-goes-up currency. Lightning is unused. TX fees are stupidly high. We're dedicat

Still no valid usecase found for Bitcoin, aside from being a number-is-green-and-goes-up currency. Lightning is unused. TX fees are stupidly high. We're dedicating ASICs powered by entire coal plants to mining bitcoin. And before you, commenter to this post, say anything, no, your Eth/Doge/Xrp/Monero/Tether/scam-ipo-of-the-day is not more valuable. NFTs are worthless. No, being distributed does not make your favorite token useful. No, mining contributing to the chain's security is not useful, because there is nothing useful on said blockchain. No, you're not more free with your coin when nobody wants it. No, you're not free of central banks when you all decide to dump it all in Coinbase and Kraken anyways. Just ban these worthless wastes of energy and time.

danlugo92 6y ago
It enables people cut off (in one way or another) from traditional banking to actually have an account. You want to kill bitcoin provide a real alternative else it is most definitely not "worthless" as you say?
- diego_moita 6y ago
  > It enables people cut off (in one way or another) from traditional banking to actually have an account. You mean like M-Pesa[1] but much slower, much more expensive, much more wasteful and much more hyped? [1]https://en.wikipedia.org/wiki/M-Pesa https://en.wikipedia.org/wiki/M-Pesa
  - danlugo92 6y ago
    M-Pesa seems to only be available in like 4 countries, not a valid contender.
- ohgodplsno 6y ago
  No it does not. Especially not with bitcoin. Nobody is paying anything with bitcoin. Are you going to pay for your groceries in your store that doesn't take bitcoin, by adding 30 dollars of fees and having it clear in three days ?
  - danlugo92 6y ago
    Do you pay for your groceries with stocks or treasury bonds?
alexashka 6y ago
I'm with you up until the last part. If people want to gamble with their money and get something out of it, that is their right. I just wish people with money had a little shame and didn't spread this fairytale of these crypto currencies being anything other than a lottery ticket. The question 'how much is enough' from the movie Wall Street often comes to mind every time I see some rich scumbag like Chamath promoting bitcoin on TV. Haven't you got enough fucking money? Apparently not and so it goes.
- boomlinde 6y ago
  > If people want to gamble with their money and get something out of it, that is their right. And if people want to ruin the air for everyone else by wasting energy on some libertarian wet dream, that's their right, too.
rfd4sgmk8u 6y ago
I'm sorry you have not found a use case. I assure you one exists, as myself and many other folks have found it. No, I won't share my use case with you. You have to find it for yourself. There is plenty written about it if you have an open mind.
- choward 6y ago
  > No, I won't share my use case with you. You have to find it for yourself. I agree. Bitcoin is basically a religion. It relies on your faith and the faith of others.

danlugo92 6y ago

It enables people cut off (in one way or another) from traditional banking to actually have an account. You want to kill bitcoin provide a real alternative else it is most definitely not "worthless" as you say?

diego_moita 6y ago
> It enables people cut off (in one way or another) from traditional banking to actually have an account. You mean like M-Pesa[1] but much slower, much more expensive, much more wasteful and much more hyped? [1]https://en.wikipedia.org/wiki/M-Pesa https://en.wikipedia.org/wiki/M-Pesa
- danlugo92 6y ago
  M-Pesa seems to only be available in like 4 countries, not a valid contender.
ohgodplsno 6y ago
No it does not. Especially not with bitcoin. Nobody is paying anything with bitcoin. Are you going to pay for your groceries in your store that doesn't take bitcoin, by adding 30 dollars of fees and having it clear in three days ?
- danlugo92 6y ago
  Do you pay for your groceries with stocks or treasury bonds?

alexashka 6y ago

I'm with you up until the last part. If people want to gamble with their money and get something out of it, that is their right. I just wish people with money had a little shame and didn't spread this fairytale of these crypto currencies being anything other than a lottery ticket. The question 'how much is enough' from the movie Wall Street often comes to mind every time I see some rich scumbag like Chamath promoting bitcoin on TV. Haven't you got enough fucking money? Apparently not and so it goes.

boomlinde 6y ago
> If people want to gamble with their money and get something out of it, that is their right. And if people want to ruin the air for everyone else by wasting energy on some libertarian wet dream, that's their right, too.

rfd4sgmk8u 6y ago

I'm sorry you have not found a use case. I assure you one exists, as myself and many other folks have found it. No, I won't share my use case with you. You have to find it for yourself. There is plenty written about it if you have an open mind.

choward 6y ago
> No, I won't share my use case with you. You have to find it for yourself. I agree. Bitcoin is basically a religion. It relies on your faith and the faith of others.