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No it wouldn't. Netflix provides entertainment. Bitcoin provides the ability for speculators to make money, however there are ways to do so that do not incur th
by endisneigh 6y ago
No it wouldn't. Netflix provides entertainment. Bitcoin provides the ability for speculators to make money, however there are ways to do so that do not incur the same costs.
You could argue that energy spent on entertainment is a waste, but it's been done since the dawn of civilization (the wasting of energy for entertainment - dance, art, fireworks, etc. etc.). As far as I know there's no way to entertain yourself without spending any more marginal energy compared to alternatives.
Presumably you, the reader, are reading this, on a computer that uses energy. Such energy could be said to have been "wasted", since reading the text I'm typing now isn't inherently productive.
- bingbong70 6y agoEntertainment vs a censorship resistant financial network >there are ways to do so that do not incur the same costs. What are the other ways to make censorship resistant financial transactions globally? One of these products/services is orders of magnitude more valuable than the other.
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- bingbong70 6y agoI notice a common trend of nocoiners is minimizing the utility of the bitcoin network to make their job of criticizing it easier. It is intellectually dishonest and lazy and makes it impossible for people that have actually studied the tech to take you seriously.
- jobigoud 6y ago> Netflix provides entertainment. Bitcoin provides the ability for speculators to make money A.k.a gambling, a.k.a entertainment. It's essentially the same. Especially people that play a lot with altcoins and constantly buy and sell, it's basically a hobby for them, a game where the score is an amount of money.