strings29

5 ms·

1.
by strings29 4y ago
I sincerely respect that you do not value Bitcoin. But by voicing your opinion. You are implicitly partaking in the market. Clearing you are trying to influence others that Bitcoin has no usefulness or value. And again I sincerely respect t
2.
by strings29 4y ago
If you had that many miners. You'd benefit more from mining then destroying the network. It's effectively financially impossible to attack the network through mining. Its the whole reason PoW is used since energy tethers bitcoin w
3.
by strings29 4y ago
yes miners have an incentive to protect the network. Essentially they are providing a service. That's the whole point, Bitcoin is a closed system and because people are inherently greedy that greed is used to benefit the greater good.
4.
by strings29 4y ago
I wish I could respond to your concerns here. However almost every concern you have boils down to "I don't think bitcoin has value or use". As much as you are entitled to this opinion. The market says other wise. 19k USD per
5.
by strings29 4y ago
They cant mine as much as possible. 6.25 bitcoins will be mined every 10min from now till 2024 ish. Due to the variable difficultly there is a cap as to how many miners can mine and remain profitable. If there high energy usage at all it si
6.
by strings29 4y ago
what an arrogant proposition. That's so many things that use energy that have zero value subjectively speaking. But nobody suggests people don't do those things. I'm not even going to list some of the for sake of being called
7.
by strings29 4y ago
Whats nonsense, is this idea that Bitcoin will consume as much energy as it can get. That's complete bullshit. Bitcoin mining is not static. The difficulty adjustment is specifically designed so that blocks are found in an eta of 10min
8.
by strings29 4y ago
Well a 400b dollar market cap disagrees with you. If the energy usage was not justified then nobody would actually mine it. Which means more people think its worth while than not. The great thing is even though we all respect your choice no
9.
by strings29 4y ago
This is exactly what is happening here. Every discussion around the so called bitcoin climate issues always boils down to. We don't think it's worth while energy usage. Ironically the fact that Bitcoin uses energy is exactly why t
10.
by strings29 4y ago
Bitcoin miners do not control the network. People that run bitcoin nodes do.