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Yet another article defending Bitcoin that only tackles strawman arguments and ignores the indefensible issues. 1) Bitcoin is environmentally harmful 2) Bitco

Yet another article defending Bitcoin that only tackles strawman arguments and ignores the indefensible issues. 1) Bitcoin is environmentally harmful 2) Bitcoin's only practical use right now is paying off ransomware, or hiring criminal enterprises. In other words: From all appearances, from the time that Bitcoin was created, the net effect on society has been negative. And there is no sign of that changing in the future.

TheBlight 6y ago
Tesla is currently using it as a hedge against real inflation. >From all appearances, from the time that Bitcoin was created, the net effect on society has been negative. Citations needed.
- ggggtez 6y ago
  > https://www.forbes.com/sites/andreatinianow/2020/07/01/bitcoin-demand-drives-14-billion-ransomware-industry-in-the-us/?sh=7f711ddb32d8 https://www.forbes.com/sites/andreatinianow/2020/07/01/bitco... 1.4 billion dollars of Ransomware vs a private company using it as a way to shuffle money around. I don't think you'll find it easy to convince me that Tesla playing games with their private assets has actually yielded any "good" in the world. The impetus is on the bitcoin apologists to show why the ransomware industry and environmental impact is worth all the damage. Where is the positive impact?
- scatters 6y ago
  If Tesla wanted to hedge against inflation they'd be buying tips. But that wouldn't get them fawning headlines.
arbawk 6y ago
It seems like you haven't read anything on the matter and are simply forming a superficial, clueless opinion. Here are some references for you to actually know what you're talking about: https://laurentbenichou.medium.com/bitcoin-a-gift-to-environment-f7e676107dd9 https://laurentbenichou.medium.com/bitcoin-a-gift-to-environ... https://twitter.com/yassineARK/status/1360343382556483587?s=20 https://twitter.com/yassineARK/status/1360343382556483587?s=... https://davidveksler.medium.com/will-bitcoin-burn-the-planet-to-ashes-not-so-fast-b24773ec3371 https://davidveksler.medium.com/will-bitcoin-burn-the-planet... https://www.seetee.io/static/shareholder_letter-6ae7e85717c28831bf1c0eca1d632722.pdf https://www.seetee.io/static/shareholder_letter-6ae7e85717c2... And here's a video giving a small glimpse of the humanitarian possibilities Bitcoin enables: https://twitter.com/gladstein/status/1357757736394444800?s=20 https://twitter.com/gladstein/status/1357757736394444800?s=2... Its net effect has been tremendously positive. Maybe you'll have time to read these articles and realize that before the next astonishing bull run.
- ggggtez 6y ago
  No need to assume that everyone who disagrees with you hasn't done their own research. I've read plenty on Bitcoin, thanks. Instead of sending a dozen articles and expecting someone to read it and figure out what point you are trying to refute, could you perhaps just state a position and defend it? What I see when I see your post: A bunch of people saying that bitcoin is good for the environment because... "Bitcoin can't be printed with a stroke of a keyboard"? It's a bunch of non-sense. Please actually read what you post, and give the best argument, don't expect me to make your argument for you.
javert 6y ago
I think this is a covert shill for bitcoin. Those arguments have been directly debunked over and over, including (in part) in the article we are commenting on. Are you trying to make people think all the arguments against bitcoin are weak?

TheBlight 6y ago

Tesla is currently using it as a hedge against real inflation. >From all appearances, from the time that Bitcoin was created, the net effect on society has been negative. Citations needed.

ggggtez 6y ago
> https://www.forbes.com/sites/andreatinianow/2020/07/01/bitcoin-demand-drives-14-billion-ransomware-industry-in-the-us/?sh=7f711ddb32d8 https://www.forbes.com/sites/andreatinianow/2020/07/01/bitco... 1.4 billion dollars of Ransomware vs a private company using it as a way to shuffle money around. I don't think you'll find it easy to convince me that Tesla playing games with their private assets has actually yielded any "good" in the world. The impetus is on the bitcoin apologists to show why the ransomware industry and environmental impact is worth all the damage. Where is the positive impact?
scatters 6y ago
If Tesla wanted to hedge against inflation they'd be buying tips. But that wouldn't get them fawning headlines.

arbawk 6y ago

It seems like you haven't read anything on the matter and are simply forming a superficial, clueless opinion. Here are some references for you to actually know what you're talking about: https://laurentbenichou.medium.com/bitcoin-a-gift-to-environment-f7e676107dd9 https://laurentbenichou.medium.com/bitcoin-a-gift-to-environ... https://twitter.com/yassineARK/status/1360343382556483587?s=20 https://twitter.com/yassineARK/status/1360343382556483587?s=... https://davidveksler.medium.com/will-bitcoin-burn-the-planet-to-ashes-not-so-fast-b24773ec3371 https://davidveksler.medium.com/will-bitcoin-burn-the-planet... https://www.seetee.io/static/shareholder_letter-6ae7e85717c28831bf1c0eca1d632722.pdf https://www.seetee.io/static/shareholder_letter-6ae7e85717c2... And here's a video giving a small glimpse of the humanitarian possibilities Bitcoin enables: https://twitter.com/gladstein/status/1357757736394444800?s=20 https://twitter.com/gladstein/status/1357757736394444800?s=2... Its net effect has been tremendously positive. Maybe you'll have time to read these articles and realize that before the next astonishing bull run.

ggggtez 6y ago
No need to assume that everyone who disagrees with you hasn't done their own research. I've read plenty on Bitcoin, thanks. Instead of sending a dozen articles and expecting someone to read it and figure out what point you are trying to refute, could you perhaps just state a position and defend it? What I see when I see your post: A bunch of people saying that bitcoin is good for the environment because... "Bitcoin can't be printed with a stroke of a keyboard"? It's a bunch of non-sense. Please actually read what you post, and give the best argument, don't expect me to make your argument for you.

javert 6y ago

I think this is a covert shill for bitcoin. Those arguments have been directly debunked over and over, including (in part) in the article we are commenting on. Are you trying to make people think all the arguments against bitcoin are weak?