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by ohhhhhh
1810 days ago
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We as a society deem it a fair use of energy to have dryers, and christamas lights all year long, which use more energy that a decentralized monetary system that brings sovereign banking to the masses.
Before letting this story and all the other propaganda make you angry (intended) actually look what bitcoin IS, how it works, and what problems it solves in the world.
A comparison that always comes to mind is like someone saying that the internet is a big waste of energy. |
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It... really doesn't. It brings wild speculation to a few. And ransomware to many.
But banking? To the masses? Hah! Sorry, no. That would imply Bitcoin is useful for, you know, actually engaging in day to day monetary transactions. It'd imply large numbers of commercial and government interests to be willing to use Bitcoin as a medium of exchange. It'd imply a stable, reliable, regulated, insured location where people could store their wealth confident that it wouldn't be stolen. It'd require reversible transactions to deal with fraud, fat fingering, and so forth.
Basically, it'd require Bitcoin to be something completely different than what it is.
> look what bitcoin IS, how it works, and what problems it solves in the world.
I have. I've been watching it for ten years now. And it's still just yet another speculative "asset" with no merit as either a currency or a store of value due to, among many many things, its massive volatility.
As a form of digital gambling, though? Unparalleled!
> A comparison that always comes to mind is like someone saying that the internet is a big waste of energy.
And if all the internet was was a giant digital slot machine, they'd be right.