bitcoinmonger2

5 ms·

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by bitcoinmonger2 5y ago
My thoughts exactly. Amazing that you can send almost any amount you want (up to £1 million) to another county and that it can arrive in just a matter of days. Plus there is the added benefit that sanctions and restrictions for specific cou
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by bitcoinmonger2 5y ago
> For all the hype about a revolutionary innovation, cryptocurrencies themselves do not appear to be designed to meet any need in the finance space that is currently not being met or to meet existing needs more efficiently. Why go throug
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by bitcoinmonger2 5y ago
It's interesting how they disparage cryptocurrency by defining it as not being a "currency" and having no utility, yet advise banning it as it competes as a currency to the Rupee.
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by bitcoinmonger2 5y ago
Web3 is a fraud. There are no intelligent people working in this space. It is a giant Ponzi scheme run by tech bros who have no material experience working for major companies or corporations. The sooner it fails the better.
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by bitcoinmonger2 5y ago
If more countries ban crypto mining we can successfully perform a 51% attack and destroy the value of Bitcoin, which should eradicate this useless and wasteful technology forever. Hopefully more countries follow suit and the attack can begi
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by bitcoinmonger2 5y ago
> It is not a stretch to imagine that in the not too distant future, somewhere in the world, a cryptominer will be publicly executed in front of a cheering crowd. It's not what I want, but crypto bros have got to stop being so arrog
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by bitcoinmonger2 5y ago
Another salient and damning article by Stephen Diehl. I would recommend anyone who uses cryptocurrency to read through his work and reconsider your position. It's a bresh of fresh air to finally have someone technically literate invest
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by bitcoinmonger2 5y ago
Good to see a goverment take a stance against individuals who choose to use the SHA256 algorithm without permission. I hope to see more goverments prevent individuals from performing hash computations on their computers. The hash function i
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by bitcoinmonger2 5y ago
https://mobile.twitter.com/smdiehl/status/135086994488866406...
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by bitcoinmonger2 5y ago
Why are we no longer having a discussion about the environmental impact of Bitcoin? A technology designed solely to burn fossil fuels has no place in society. How is the price still going up after all the conversations we've had on thi
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by bitcoinmonger2 5y ago
I had a large amount of savings in Bitcoin in September 2020. However, after reading the salient arguments against Bitcoin made by Stephen Diehl on his Twitter account, I liquidated my entire position. And I couldn't be happier. Thanks
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by bitcoinmonger2 5y ago
I don't know how anyone can defend cryptocurrencies after reading this lucid argument. I hope this provokes more discussion on the problem. Excellent work again from Stephen Diehl.