[kobalsky]

My opinion is that many missed out and take a moral stance as a compensation mechanism, and some live in privileged situations and just don't see the need for it. No wonder you don't see the benefits if you live in a superpower with a currency that is used as a global reserve. One of the news today here is that gas stations are preparing price signs to have an extra digit, come talk here about the volatility of Bitcoin.

[gher-shyu3i]

> One of the news today here is that gas stations are preparing price signs to have an extra digit, come talk here about the volatility of Bitcoin.

Do you have the link to the article? I can't seem to find it.

[kobalsky]

https://www.lavoz.com.ar/politica/estaciones-de-servicio-ya-...

[BoorishBears]

What about me?

I live in the US but am originally from a 3rd world country, have family there, regularly send money back home

I didn't invest in Bitcoin but I did have made x000% returns from the same mania that us driving the latest BTC rallies, so I don't have FOMO

And I fucking hate Bitcoin.

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Here's the thing, Bitcoin minus speculation would be great. The idea of decentralized currency is not problematic.

The idea it takes "burning" electricity to facilitate that is not a problem.

The problem is because of speculation the actual amount of energy that goes into the actual use of a currency is dwarfed to a truly mind breaking degree by speculators.

Entire factories literally converting electricity into monopoly money.

Someone brought up how much internet traffic is porn, at least porn satiates some basal wants!

Gold mining is nasty business but at least gold is an intrinsically useful metal, same with silver

99.999999% of Bitcoin hashing is truly useless at this point, only happening because of speculation.

And no I don't have a source for this other than the fact literal factories exist to cash in on speculation, which poor 3rd world people securing their few dollars in BTC is unlikely to compete with...

I just can't believe that now of all the goddamn times we want to add crypto into all the damn waste we're making.

People say stuff like "oh it's only half a percentage point of global electricity usage"... please point me to another place where we can cut half a percentage point of global power consumption without spending a dime and disrupting people's quality of life (because remember, without the speculation decentralized currency can exist and not even be a blip on the amount if electricity used)

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Also I have no idea what the gas station sign comment is meant to mean. Please point me to a currency that hasn't already failed that experienced the volatility BTC has?

If gas prices were in BTC equivalents of dollars how many extra digits would we need since 5 years ago?