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by moralsupply 1927 days ago
I actually love how much the HN community is invested in demonizing Bitcoin for its energy consumption.

It gives us, the ones who understand Bitcoin, more time to enter the market before it runs yet another full cycle.

I truly wish for you bashing Bitcoin to keep all your wealth allocated in assets associated with fiat currencies.

I also wish that you spend lots of time running political narratives in order to stop a decentralized piece of technology from growing.

Good luck trying to reach out the Bitcoin CEO in order to ask him to shut down his "environmentally damaging operations".

In 5 years time, however, once the US dollar has lost 50% of its purchase power, you'll be begging your employer to pay you in Bitcoin.

By that time you'll conveniently forget the narrative about energy consumption.

You'll even claim that Bitcoin is one of the most important technologies ever invented, and that you always believed in it.

Screenshot this.

1 comments

50%? You don't mean 8%? Or 9%? Most recent five-year periods have seen inflation in the 8-9% range[0], but somehow we're going to spike to 50% in the next five years?

Do you hear yourself?

0. https://www.usinflationcalculator.com