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why is Bitcoin so divisive? why some people just “get it” and other scream until they are blue in their face it’s a scam? it’s such a curious litmus test for s

why is Bitcoin so divisive? why some people just “get it” and other scream until they are blue in their face it’s a scam? it’s such a curious litmus test for something but I’m not sure exactly what.

throwaway98797 3y ago
all faith based stuff is like that religion politics they work because people believe they work
IncreasePosts 3y ago
Probably because of the insane costs of securing the network. If it used trivial resources people probably wouldn't care
- J_Shelby_J 3y ago
  Every time bitcoin goes up $1 N number of people will die from the networks CO2 output over the coming centuries. N may be five to seven digits.
  - BLKNSLVR 3y ago
    Bitcoin has an incredibly small effect in that space if you insist on using that as an argument against.
  - olalonde 3y ago
    Bitcoin mining doesn't produce any more CO2 than your computer or mobile phone does.
ska 3y ago
I suspect what you are missing here is that both sides just "get it", they disagree what "it" is. I don't find the anti-crypto folks to be particularly more or less screamy than the pro-crypto folks, for what it's worth.
dharma1 3y ago
to be fair, one side (people with coins) is highly incentivised to preach the gospel. people seem to generally have no shortage of opinions about money/wealth, and hot takes about the topic du jour
- pcthrowaway 3y ago
  And the other side (people with fiat) are incentivized to preach that gospel as well, as the value of their tokens continues to decrease relative to crypto. Disclaimer: I actually dislike bitcoin (and other proof of work cryptos) very much, but the jury's still out on which side is more correct in their criticism of the other.
  - dharma1 3y ago
    and the people without much of either token also have an opinion :) PoS ledgers seem like a better design, but they alone don't solve very uneven/concentrated token distributions that you end up with every monetary system
    - pcthrowaway 3y ago
      Yeah, crypto maxis (and especially bitcoin maxis) really do talk about it like it's the next coming of Jesus. Crypto absolutely will not solve that specific problem of any monetary system. It may solve some others though, in addition to introducing many novel problems
lupire 3y ago
The only use case is getting rich of of other people's losses. There's no social value creation. Some people love that and some hate that.
paulpauper 3y ago
there is nothing divisive about pointing out the inherent risk of using debt to buy a highly volaille asset on leverage

throwaway98797 3y ago

all faith based stuff is like that religion politics they work because people believe they work

IncreasePosts 3y ago

Probably because of the insane costs of securing the network. If it used trivial resources people probably wouldn't care

J_Shelby_J 3y ago
Every time bitcoin goes up $1 N number of people will die from the networks CO2 output over the coming centuries. N may be five to seven digits.
- BLKNSLVR 3y ago
  Bitcoin has an incredibly small effect in that space if you insist on using that as an argument against.
- olalonde 3y ago
  Bitcoin mining doesn't produce any more CO2 than your computer or mobile phone does.

ska 3y ago

I suspect what you are missing here is that both sides just "get it", they disagree what "it" is. I don't find the anti-crypto folks to be particularly more or less screamy than the pro-crypto folks, for what it's worth.

dharma1 3y ago

to be fair, one side (people with coins) is highly incentivised to preach the gospel. people seem to generally have no shortage of opinions about money/wealth, and hot takes about the topic du jour

pcthrowaway 3y ago
And the other side (people with fiat) are incentivized to preach that gospel as well, as the value of their tokens continues to decrease relative to crypto. Disclaimer: I actually dislike bitcoin (and other proof of work cryptos) very much, but the jury's still out on which side is more correct in their criticism of the other.
- dharma1 3y ago
  and the people without much of either token also have an opinion :) PoS ledgers seem like a better design, but they alone don't solve very uneven/concentrated token distributions that you end up with every monetary system
  - pcthrowaway 3y ago
    Yeah, crypto maxis (and especially bitcoin maxis) really do talk about it like it's the next coming of Jesus. Crypto absolutely will not solve that specific problem of any monetary system. It may solve some others though, in addition to introducing many novel problems

lupire 3y ago

The only use case is getting rich of of other people's losses. There's no social value creation. Some people love that and some hate that.

paulpauper 3y ago

there is nothing divisive about pointing out the inherent risk of using debt to buy a highly volaille asset on leverage