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Strawman much? Bitcoin, and most other cryptos, are both designed to be wasteful and also are directly competing with systems that are many many orders of magni
by kllrnohj 4y ago
Strawman much? Bitcoin, and most other cryptos, are both designed to be wasteful and also are directly competing with systems that are many many orders of magnitude more efficient (and useful).
Bitcoin isn't competing against commuting. Bitcoin is competing against governments & ACH. Against PayPal & Visa. Against wiretransfers & banks. And it's horrendously destructive at it. People commuting don't change that. Proof of Work is an environment disaster. Pointing at other environmental issues is just whataboutism, not a defense or excuse.
- Geee 4y agoBitcoin is not destructive compared to fiat currencies. Inflationary monetary policies are now causing a global recession, resulting in insane amount of human suffering. There's also climate catastrophe, wealth inequality, and all kinds of other economic and social issues directly caused by fiat currency. It's time to put stop to destructive fiat currency.
- radu_floricica 4y ago> Bitcoin is competing against governments & ACH. Against PayPal & Visa. Against wiretransfers & banks You're not making it look bad :)) They're all oligopolies that use their power to make obscene amounts of money and stifle any innovation that threatens their oligopoly. You want to blame somebody? Blame exactly those actors since it's directly due to them that we even need such a convoluted and horribly expensive alternative. From a strictly technical PoV you could implement micropayments in a week in a garage without any fancy blockchains.