4 ms·
I'm not triggered by the word "whataboutism" or "two wrongs don't make a right", they are just word plays to end a discussion. The way I see it, nobody really
by fleddr 5y ago
I'm not triggered by the word "whataboutism" or "two wrongs don't make a right", they are just word plays to end a discussion.
The way I see it, nobody really cares about emissions, energy use, pollution, the environment...at all. Most people commenting on Bitcoin are likely to enjoy a US middle class existence, or even upper middle class.
They have ACs running all day, 50 electric appliances in their home, move themselves with 2 tons of steel, indulge in purchasing clothes made from slavery in Bangladesh, consumables stiff from palm oil (destroying rain forests), likely regularly eat meat, take airline flights, and produce tons of plastic trash.
The above lifestyle, if it were to be deployed globally, would require 6-8 planet earths, by estimation. Yet there's no concerted outrage, call for regulation, outright bans on any single aspect of it. Obviously because that would mean giving up comforts you enjoy yourself. As it comes to principles, people have none as soon they are tested.
Therefore, it's much easier to attack something you don't use or understand, as there's no personal cost to it. I reject your environmental abuse yet will defend mine.
Still, its a fair and valid point that in a world of environmental collapse, adding to the pile doesn't help. I'm with you on that. I'm optimistic that it will be resolved, and rather quickly. Mining will pretty rapidly become renewable, CO2 neutral, focus on stranded energy, etc. A headline may be forthcoming this week even.
Dogecoin is shit because the creator says it's shit. When interviewed about its purpose, inflation scheme, energy usage, he openly admitted he considered nothing at all. It was a joke. Dogecoin has no functionality nor scarcity. It doesn't even have a development team.
Still, the joke is widespread enough for it to sustain for quite a while. If only enough people hold it, a full crash to zero becomes less likely.
The main differences with Bitcoin would be scarcity, the network effect, institutional adaption, L2 solutions, exchange support, ETF funds, etc.
The difference between a "serious" coin and a shitcoin is easy to see in price movement. When BTC dumps, say 30%, a shitcoin dumps 80%. A shitcoin is speculation only, whilst a serious coin is speculation combined with long term value, or the belief in long term value.