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Bitcoin is either a commodity or a currency, depending on who you talk to. If it's a currency, it has the ability to purchase goods and services. If it's a co
by Shinkei 13y ago
Bitcoin is either a commodity or a currency, depending on who you talk to. If it's a currency, it has the ability to purchase goods and services. If it's a commodity, then creating it and throwing it away represents a waste of resources... plain and simple.
Your opinion that 'throwing money away hurts nobody' must mean that you disagree with the statement that 'all that is necessary for evil to prevail is for good men to do nothing.' That is essentially what is happening if we take currency/commodity and throw it away. They could have donated it to any charity and escaped the ethical issues. Instead they passed on that ability, there IS value in the money. This isn't some purist Economics debate, this is real life application. Same principle behind the whole idea of 'every dollar spent on war machines is a dollar not spent to clothe and feed the masses.'