3 ms·
I'm sorry but this post is highly biased and serves as gaslighting in its own way, just for a different crowd. I don't know if it's deliberate or not, but it's
by futurecat 1y ago
I'm sorry but this post is highly biased and serves as gaslighting in its own way, just for a different crowd. I don't know if it's deliberate or not, but it's very telling that it's on HN frontpage.
There's no mention of:
- The lightning network (bitcoin-native layer 2 enabling near-instant transaction speed)
- Role of mining in grid stabilisation, methane reduction, etc.
- How mining hardware is actually used by miners when cost of energy is nearly free.
- Bitcoin's difficulty adjustment algorithm
- Protocols like Cashu (Chaumian Cash based on Bitcoin)
And one last thing. Mixing in a big bag "crypto" and "bitcoin" is in itself just a very bad take. sigh.
As a side note, I highly recommend Lyn Alden's book Broken Money.