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Imo this is like arguing we should all have private helicopters instead of bicycles- PoW currencies should be criticized on environmental grounds if the thing t
by mattnewton 5y ago
Imo this is like arguing we should all have private helicopters instead of bicycles- PoW currencies should be criticized on environmental grounds if the thing they replace (a bunch of bank servers doing ach and whatnot) is an order of magnitude more electrically efficient.
- cwkoss 5y agoBitcoin isn't just a replacement for the centralized database: it also replaces the government which administrates the financial system, the courts which enforce rules, and the military which enforces dominance on the rest of the globe.
- mattnewton 5y agoStrong disagree, (some of) those things are all still necessary to prevent me from coming to your house and hitting you with a wrench until you give me your private key; to prevent me from taking payment and then ghosting you; and innumerable other financial system problems we solve with our current system.