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> A BTC mine fits into a few shipping containers, needs no in-out logistics, and can easily be transported around as needed ...yet creates absolutely zero actu

> A BTC mine fits into a few shipping containers, needs no in-out logistics, and can easily be transported around as needed ...yet creates absolutely zero actual value. it is one of the greatest and most destructive speculative pyramid schemes yet.

danlugo92 5y ago
> ...yet creates absolutely zero actual value. It's only the first uncensorable / decentralized kind of money, nah must be nothing.
- nikanj 5y ago
  Is this censorship? https://www.businessinsider.com/bitcoin-cryptocurrency-exchange-money-laundering-13-million-california-2021-11?amp https://www.businessinsider.com/bitcoin-cryptocurrency-excha...
  - danlugo92 5y ago
    Yes it is. Censorship doesn't necessarily mean the thing being censored is deterministically "bad" or "evil". Bitcoin is above morality, morality is a human construct, Bitcoin is math and computer science, by definition it cannot have morality. Now, you might or might not agree that Bitcoin should be allowed to exist given it facilitates activities such as the one you linked. But since it's uncensorable in the first place... you cannot outlaw it. Pandora's box is open, and it cannot be closed once it is open (unless you break Bitcoin's cryptography). Uncensorability /is/ valuable, to the people that don't want to be censored, and want to exchange money without asking anyone permission, whether that's a drug dealer, or an unbanked worker in Venezuela.
    - nikanj 5y ago
      So…how? What? Bitcoin is supposedly uncensorable - yet he was censored? Which one is it?
- bserge 5y ago
  Only because governments don't give a flying fuck about it... Yet. They'll catch up eventually. See how some politicians are already starting to call on mining bans. They can easily fully ban it and enforce it. Let's say, put mining on the same level as growing weed or making heroin. Your super first kind of decentralized money is now fucked.
  - danlugo92 5y ago
    Then all of mining would just move to places like Venezuela, where a lot of drug trade (per your example) already goes on, and they would get even more money for their extremist endeavours. Sad.

danlugo92 5y ago

> ...yet creates absolutely zero actual value. It's only the first uncensorable / decentralized kind of money, nah must be nothing.

nikanj 5y ago
Is this censorship? https://www.businessinsider.com/bitcoin-cryptocurrency-exchange-money-laundering-13-million-california-2021-11?amp https://www.businessinsider.com/bitcoin-cryptocurrency-excha...
- danlugo92 5y ago
  Yes it is. Censorship doesn't necessarily mean the thing being censored is deterministically "bad" or "evil". Bitcoin is above morality, morality is a human construct, Bitcoin is math and computer science, by definition it cannot have morality. Now, you might or might not agree that Bitcoin should be allowed to exist given it facilitates activities such as the one you linked. But since it's uncensorable in the first place... you cannot outlaw it. Pandora's box is open, and it cannot be closed once it is open (unless you break Bitcoin's cryptography). Uncensorability /is/ valuable, to the people that don't want to be censored, and want to exchange money without asking anyone permission, whether that's a drug dealer, or an unbanked worker in Venezuela.
  - nikanj 5y ago
    So…how? What? Bitcoin is supposedly uncensorable - yet he was censored? Which one is it?
bserge 5y ago
Only because governments don't give a flying fuck about it... Yet. They'll catch up eventually. See how some politicians are already starting to call on mining bans. They can easily fully ban it and enforce it. Let's say, put mining on the same level as growing weed or making heroin. Your super first kind of decentralized money is now fucked.
- danlugo92 5y ago
  Then all of mining would just move to places like Venezuela, where a lot of drug trade (per your example) already goes on, and they would get even more money for their extremist endeavours. Sad.