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> People hate bitcoin because they don’t understand what it is and perceive it as being somewhat of a threat. I dislike Bitcoin because (a) it's causing quite

> People hate bitcoin because they don’t understand what it is and perceive it as being somewhat of a threat. I dislike Bitcoin because (a) it's causing quite a bit of environmental damage and (b) it has revolutionized kidnapping and ransomware. This is supposed to be a fair trade-off for letting people circumvent e.g. onerous drug laws. I'm not convinced it's worth it.

rantwasp 5y ago
yes. bitcoin is the worst /s you know what’s the preferred currency for crime? the USD. If you look at how something, a tool, is used and declare it bad I’m not sure you’re seeing the big picture. A hammer can be used in construction or to bash someone’s brains out. Nobody ever mentions banning hammers because someone used one in a f’ed up way. for the environmental damage part: in a free market you cannot really control what people are doing with energy. You use the energy, you pay the bill. End of story. If the profit you’re making from the activity is greater that the money you are putting in people will do that activity.
- PhasmaFelis 5y ago
  > A hammer can be used in construction or to bash someone’s brains out. Nobody ever mentions banning hammers because someone used one in a f’ed up way. A hammer is no better suited for killing people than thousands of other common household (or natural!) objects. Bitcoin is uniquely suited for ransoms of all types. Guns are perhaps a better analogy than hammers here. Not a perfect analogy, but a better one. > for the environmental damage part: in a free market you cannot really control what people are doing with energy. You use the energy, you pay the bill. End of story. If the profit you’re making from the activity is greater that the money you are putting in people will do that activity. That's not a rebuttal, it's a description of the problem.

rantwasp 5y ago

yes. bitcoin is the worst /s you know what’s the preferred currency for crime? the USD. If you look at how something, a tool, is used and declare it bad I’m not sure you’re seeing the big picture. A hammer can be used in construction or to bash someone’s brains out. Nobody ever mentions banning hammers because someone used one in a f’ed up way. for the environmental damage part: in a free market you cannot really control what people are doing with energy. You use the energy, you pay the bill. End of story. If the profit you’re making from the activity is greater that the money you are putting in people will do that activity.

PhasmaFelis 5y ago
> A hammer can be used in construction or to bash someone’s brains out. Nobody ever mentions banning hammers because someone used one in a f’ed up way. A hammer is no better suited for killing people than thousands of other common household (or natural!) objects. Bitcoin is uniquely suited for ransoms of all types. Guns are perhaps a better analogy than hammers here. Not a perfect analogy, but a better one. > for the environmental damage part: in a free market you cannot really control what people are doing with energy. You use the energy, you pay the bill. End of story. If the profit you’re making from the activity is greater that the money you are putting in people will do that activity. That's not a rebuttal, it's a description of the problem.