bitcoinmonger

7 ms·

1.
by bitcoinmonger 5y ago
Like rats off a sinking ship.
2.
by bitcoinmonger 5y ago
It's safer for everyone if government controls the currency we use.
3.
by bitcoinmonger 5y ago
It's security issues like this that are the reason why we should not allow anyone to have complete control of their money. Another nail in Bitcoin's coffin.
4.
by bitcoinmonger 5y ago
I don't understand why Bitcoin has been designed to burn fossil fuels when it should just as easily be able to be run using green energy. Until this is changed I can't see cryptocurrencies having a future, despite their utility.
5.
by bitcoinmonger 5y ago
Why is Bitcoin still allowed to exist? It's clear from the conversations over recent weeks that it's a waste of energy.
6.
by bitcoinmonger 5y ago
Are we just going to ignore the environmental impact of Bitcoin?
7.
by bitcoinmonger 5y ago
This will not be good for the environment.
8.
by bitcoinmonger 5y ago
I don't think we want to live in a society where individuals have complete control over their money, which is was cryptocurrencies like Bitcoin enable.
9.
by bitcoinmonger 5y ago
How do you know that I won't steal funds from your account? Do you simply trust that I won't, and that your bank trusts me not to do so? I suppose the question is, what's stopping me? Trust or security?
10.
by bitcoinmonger 5y ago
What would happen if you walked in to their server room and tried to update their database to reverse a payment?
11.
by bitcoinmonger 5y ago
Agreed. The money supply should be flexible to help alleviate the effects of inevitable financial crashes. This of course devalues the savings of the average person when this happens, but it's the only way to recover from mistakes like
12.
by bitcoinmonger 5y ago
This will be good for anyone interested in using modern cryptocurrencies, whilst also allowing governments to control access to accounts and adjust the money supply if necessary. It's a win-win for everyone. Also the energy required to
13.
by bitcoinmonger 5y ago
How much more difficult would it be to extend this further so that the entire Bitcoin network goes offline? This sounds promising for any groups looking to shut down the system and stop the energy usage.
14.
by bitcoinmonger 5y ago
Bitcoin has no value over the long term. There are no controls on who is allowed to send and receive money, and funds cannot be confiscated by government if necessary. A system that permits individuals complete custody over money is not som
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by bitcoinmonger 5y ago
Seemed inevitable. I first found out about Bitcoin in 2017, but didn't have time to fully understand the technology, so I brushed it off as a curiosity and moved on. I heard about it again in November at the start of the price increase
16.
by bitcoinmonger 5y ago
It's good to see a country finally take a firm stance against global warming.
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by bitcoinmonger 5y ago
I believe this will further impact the environment. An increase in the demand for SSDs will result in an increase in the production of hard drives. The construction of these hard drives requires energy, and this energy comes from the burnin
18.
by bitcoinmonger 5y ago
Bitcoin doesn't run on coal.
19.
by bitcoinmonger 5y ago
I think Bitcoin is genuinely exciting. I know it's not exactly "under-the-radar", but a lot of the discussion on HN is unfortunately only related to the price. It's a bit of a shame, but I can understand it's hard t
20.
by bitcoinmonger 5y ago
I have a solution to the energy consumption problem. Instead of banning Bitcoin completely, just make it illegal for individuals to run cryptocurrency nodes or perform mining operations. In it's place, each government can then run thei
21.
by bitcoinmonger 6y ago
How does this affect the environment?