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Why do you think Bitcoin does not have useful results?
by super256 4y ago
Why do you think Bitcoin does not have useful results?
- ben_w 4y agoStrictly speaking, the comment you're replying to doesn't say which of the two is a contest to waste resources and which has potential to have useful results.
- super256 4y agoI assumed that this was doubling down on atleastoptimal’s view.
- speedgoose 4y agoCan you cite an useful result? I can't but I don't think that some people getting richer is useful.
- Xerox9213 4y agohttps://www.elliptic.co/blog/live-updates-millions-in-crypto-crowdfunded-for-the-ukrainian-military https://www.elliptic.co/blog/live-updates-millions-in-crypto... https://www.cnbc.com/2022/03/23/ukrainian-flees-to-poland-with-2000-in-bitcoin-on-usb-drive.html https://www.cnbc.com/2022/03/23/ukrainian-flees-to-poland-wi... In general, the purpose of Bitcoin is not to get rich, but to have a currency that is universally accepted and not tied to a political party’s fiscal decisions.
- UncleEntity 4y agoIn general, so is the Federal Reserve.
- super256 4y agoSure: I can buy servers and domains anonymously and buy drugs online, which are illegal in my country.
- idiotsecant 4y agoBitcoin has a use, but there are other options for consensus algorithms that don't waste as much energy as the citizens of a medium sized country and fill the same user case (and other expanded use cases). Why not just do that?