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Crypto=/= Bitcoin Bitcoin offers a decentralized, supply capped alternative to central banking. If this seems useful to you, use it, if it doesn't, don't use

Crypto=/= Bitcoin Bitcoin offers a decentralized, supply capped alternative to central banking. If this seems useful to you, use it, if it doesn't, don't use it. Simple as that. Currently people find the ability to have unconfiscatable money attractive.

meragrin_ 5y ago
How is Bitcoin unconfiscatable? Just confiscate all wallets. If they are encrypted in some way, they would still be inaccessible to the person. If they can be recreated, the person can be monitored to determine how to recreate the wallet and then be drained.
- CryptoPunk 5y ago
  A person can hide the fact that they have a wallet. Confiscating information, that can be stored as a secret passphrase in your brain, is extremely difficult.
  - meragrin_ 5y ago
    > Confiscating information, that can be stored as a secret passphrase in your brain, is extremely difficult. >> If they can be recreated, the person can be monitored to determine how to recreate the wallet and then be drained. Being unable to use the Bitcoin is the same as confiscating it.
    - CryptoPunk 5y ago
      Being unable to use it, when you have access to encrypted communication, not to mention other countries where it is legal?
  - yesbut 5y ago
    the CIA figured out how to extract passphrases from people's brains decades ago.
    - CryptoPunk 5y ago
      The government is going to start torturing thousands upon thousands of citizens to find out if they have secret passphrases?
      - yesbut 5y ago
        Aren't we already being tortured?
        CryptoPunk 5y ago
        How are we being tortured?
Devasta 5y ago
How do I opt out of the massive amounts of electronic waste and carbon emissions from Bitcoin?
- TacticalCoder 5y ago
  You switch to a coin that uses proof-of-stake? Several of the totally OG cryptographers, like Chaum or Micali, have created blockchains that are using PoS (Micali is behind Algorand and Chaum behind an upcoming "elixxir" coin I think, forgot the name). Of course there's also Ethereum which is currently switching to PoS. Cryptocurrencies haters better find another argument than "energy consumption" because I think the gigantic energy waste is coming to an end soon.
  - Devasta 5y ago
    Lol, Ethereum has been moving since 2014, and there are no plans for Bitcoin to move. The waste is here to stay so long as crypto is. EDIT: Also, very insulting of you to assume I use crypto, I prefer to stick to filthy, worthless fiat thank you very much.
- elvatoloco123 5y ago
  Stop washing and drying your clothes. That uses more energy. Bitcoin uses whatever energy is available. The answer is better laws

meragrin_ 5y ago

How is Bitcoin unconfiscatable? Just confiscate all wallets. If they are encrypted in some way, they would still be inaccessible to the person. If they can be recreated, the person can be monitored to determine how to recreate the wallet and then be drained.

CryptoPunk 5y ago
A person can hide the fact that they have a wallet. Confiscating information, that can be stored as a secret passphrase in your brain, is extremely difficult.
- meragrin_ 5y ago
  > Confiscating information, that can be stored as a secret passphrase in your brain, is extremely difficult. >> If they can be recreated, the person can be monitored to determine how to recreate the wallet and then be drained. Being unable to use the Bitcoin is the same as confiscating it.
  - CryptoPunk 5y ago
    Being unable to use it, when you have access to encrypted communication, not to mention other countries where it is legal?
- yesbut 5y ago
  the CIA figured out how to extract passphrases from people's brains decades ago.
  - CryptoPunk 5y ago
    The government is going to start torturing thousands upon thousands of citizens to find out if they have secret passphrases?
    - yesbut 5y ago
      Aren't we already being tortured?
      - CryptoPunk 5y ago
        How are we being tortured?

Devasta 5y ago

How do I opt out of the massive amounts of electronic waste and carbon emissions from Bitcoin?

TacticalCoder 5y ago
You switch to a coin that uses proof-of-stake? Several of the totally OG cryptographers, like Chaum or Micali, have created blockchains that are using PoS (Micali is behind Algorand and Chaum behind an upcoming "elixxir" coin I think, forgot the name). Of course there's also Ethereum which is currently switching to PoS. Cryptocurrencies haters better find another argument than "energy consumption" because I think the gigantic energy waste is coming to an end soon.
- Devasta 5y ago
  Lol, Ethereum has been moving since 2014, and there are no plans for Bitcoin to move. The waste is here to stay so long as crypto is. EDIT: Also, very insulting of you to assume I use crypto, I prefer to stick to filthy, worthless fiat thank you very much.
elvatoloco123 5y ago
Stop washing and drying your clothes. That uses more energy. Bitcoin uses whatever energy is available. The answer is better laws