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I don't think money, or specifically dollars are any better than bitcoins. Beside I would like to point out that it's not the currency in it self the problem, b
by chmike 13y ago
I don't think money, or specifically dollars are any better than bitcoins. Beside I would like to point out that it's not the currency in it self the problem, but what we do out of it. Depth grow of dollars is a huge speculation buble which will blast soon or later. Get ready for it.
Criticizing the carbon footprint of bitcoin is a joke compared to the carbon footprint of depth dollars.
Regarding the future of bitcoin, my feeling is that it has the value of tracability which is very attractive for the police states we are evolving to. So I expect states might continue to tolerate it as long as it doesn't accelerated the dollar buble blast and present a threat.
Another current problem of bitcoin is that it's value is so much rising by speculation that it prevents it to start being used as a commercial currency. Illegal business activity is indeed a problem, but its tracability leaves a track. I wouldn't assume that it's free play for all illegal business. Assume hunt dogs are silently following the tracks.