3 ms·
I warned about this a few weeks ago, and people were skeptical. But sadly “in retrospect it is inevitable”. Where is the flaw? https://news.ycombinator.com/ite
by EGreg 6y ago
I warned about this a few weeks ago, and people were skeptical. But sadly “in retrospect it is inevitable”. Where is the flaw?
https://news.ycombinator.com/item?id=26220992 https://news.ycombinator.com/item?id=26220992
Let me refine my prediction to describe the transition period. Bitcoin will actually deepen inequality in the world, by robbing the third world countries of electricity first, and no one in first world countries will care. The politicians of the third world countries would be paid off similarly to how Nestle or CocaCola buys up lakes and pollutes them. And privately owned infrastructure and lakes will fall even faster.
- tgv 6y agoThe flaw is greed.
- EGreg 6y agoOkay but the question is, about the flaw in the argument that Bitcoin will increasingly cause blackouts in third world countries and poor towns?
- tgv 6y agoIt's not a flaw in the sense that your scenario is unrealistic. But people are not going to point at Bitcoin or undertake action. You can see that in the replies of the cryptobelievers here: BTC cannot do wrong.