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It's funny "we the people" always decide this when it's about something that would actually empower us. Meanwhile, "we" didn't only not ban cars, "we" destroyed
by trompetenaccoun 5y ago
It's funny "we the people" always decide this when it's about something that would actually empower us. Meanwhile, "we" didn't only not ban cars, "we" destroyed public transport in the US and lobbied the government to massively subsidize roads and cars. Just as an example.
It's curious how much agitation there is concerning the energy consumption of PoW. I don't see nearly as many articles calling for restricting AWS & co. Coincidentally Bitcoin is the base layer of a decentralized finance world completely out of the control of traditional elites and banks.
- tsimionescu 5y agoBitcoin is the base layer of a decentralized finance world completely out of the control of the traditional elites and banks, yes. It's also a new finance world completely under the control of an even smaller elite of devs and mining pool owners (see the hard fork of Ethereum that happened a long time ago, and the upcoming fork of Ethereum that will move it to PoS; sure, Ethereum isn't Bitcoin, but there is nothing fundamentally different to prevent Bitcoin taking a similar step whenever the devs and miners decide). What Bitcoin definitely is not is a new currency where the people have any kind of control. It is actively opposed to that goal, and takes away even the slight chance of a benevolent leader that exists with central bank controlled currencies.
- floatboth 5y ago> elite of devs and mining pool owners You forgot a (perhaps even more) crucial part: the exchanges/stablecoins! They're the whole reason this clown show is considered "finance" rather than funbux. And they're all extremely suspicious. And by suspicious I mean obviously fraudulent. The value of Bitcoin (!) is propped up by Tether printing fake dollars backed by nothing.