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I don't disagree, but with politicians pointing out Bitcoin is a waste of energy whilst also doing nothing about climate change is the world we live in. As gros
by BLKNSLVR 4y ago
I don't disagree, but with politicians pointing out Bitcoin is a waste of energy whilst also doing nothing about climate change is the world we live in. As gross and demotivating and radicalising as that fact is, they're the boundaries society has chosen to judge: 1kw paid for is no better or worse than any other 1kw paid for.
Anything beyond that and you're literally picking winners and losers - which wouldn't necessarily be wrong either, but it's politically suicidal and so it will not happen.
Make non-renewable power prices higher. I'm for that, but Bitcoin and proof of work cryptocurrency mining will adapt to whatever new rules are put in place, and people will still complain that it's a waste because there's no direct benefit to them individually.
I agree, however, that the popular understanding of the end result of cryptocurrencies could be something incredibly boring and potential anathema to the core reason for existence of Bitcoin such as central bank digital currencies.
However, there will always be groups working against the interests of the establishment, creating new avenues of alternatives (here, direct proof of me being utopian).
- bayindirh 4y agoPutting my words to the same bucket with politicians and the establishment, just because they somehow align is enough for me to leave this discussion here. I'm neither near to them, nor have the same perspective on climate change & the energy crisis, because of my vantage point, most probably. Have a nice day.