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Bitcoin is considered by nearly zero of anyone of any actual note to be important to our future finance system. 1. It has not succeeded in becoming a valid cur

Bitcoin is considered by nearly zero of anyone of any actual note to be important to our future finance system. 1. It has not succeeded in becoming a valid currency as it is a technology attempting to solve a social problem. 2. It is held as digital gold with rapidly changing value 3. It is literally nonsensical as a future currency system due to the limits of mining as it couldnt possibly keep up with daily money use unless you had way more mining activity that would cause it to cost far more than existing systems to do transactions Here is the thing: All of the things you mentioned have a path to efficiency, Bitcoin itself does not. Eth, maybe! BTC, no. Here is the other thing: At a global scale, m Bitcoin would use more energy than everything you just described combined globaly. It's a climate-bankrupt technology solution looking for a problem it is not equipped to solve. Crypto in some form may work, but this will never work.

Erlich_Bachman 6y ago
> use more energy than everything you just described combined globaly Pretty sure you're orders of magnitude wrong about that. Also there are very specific, actionable and already growing things on the roadmap to sustainability: - Green energy/proper carbon taxing of energy production - Lowering of block reward to stabilize the transaction fee and find the proper price, with relation to how many miners we really need vs how much people are willing to pay for transactions. - L2 solutions making bitcoin a payment network and not only a store of value. Like Lightning network which works today, as we speak, is stable, and is still only going to get better and better because it's very early in the lifecycle of that technology. > Bitcoin is considered by nearly zero of anyone of any actual note to be important to our future finance system. How can you even be honest with yourself with that line, when it nowadays rarely goes 3 weeks between each consecutive All-Time-High? What is your theory behind that?

Erlich_Bachman 6y ago

> use more energy than everything you just described combined globaly Pretty sure you're orders of magnitude wrong about that. Also there are very specific, actionable and already growing things on the roadmap to sustainability: - Green energy/proper carbon taxing of energy production - Lowering of block reward to stabilize the transaction fee and find the proper price, with relation to how many miners we really need vs how much people are willing to pay for transactions. - L2 solutions making bitcoin a payment network and not only a store of value. Like Lightning network which works today, as we speak, is stable, and is still only going to get better and better because it's very early in the lifecycle of that technology. > Bitcoin is considered by nearly zero of anyone of any actual note to be important to our future finance system. How can you even be honest with yourself with that line, when it nowadays rarely goes 3 weeks between each consecutive All-Time-High? What is your theory behind that?