[johnnymorgan]

I used dash to buy food for people in Venezuela during the height of the Maduro conflict (still ongoing really but this is while it kicked off) when all other methods had failed.

It was farmer that turned his farm into direct sales, used an Uber like service to deliver and used DASH as point of sale and store of value...is what I did illegal??

There are a ton of uses cases out there where blockchain tech can provide a faster better solution, not every single case but it's there.

Even the 'criminal' side is nothing compared to the USD and how it's used. That same argue applies even stronger to fiat currencies.

A bankless note isn't a new idea, ops solution is novel and well thought out and there are markets that it solves pain points.

[Termitiono]

I'm still questioning the real benefit compared to the downsides of it.

Ordering food online vs. Terrawatts of energy wasted, Asics hardware and GPU prices and the created co2 of all of that.

Mmhhh difficult very difficult

[johnnymorgan]

What, wow easy in the strawman now do the same for the energy required for the US dollar.

Lol, compare and contrast apples to apples first and you'll see the cost in energy is negligible.

Also what do when POS drops and ruins your current strawman argument.

There was zero other way to pay for it, people were literally walking over to Columbia to get money they could use.

Anyway I can see your a bad faith actor, GLHF!

[herbst]

I am not sure the alternative (traditional banking) is so co2 neutral. As far as I know they all have plenty of huge buildings with hundreds of people wasting their time & resources working for them.

Don't get me wrong I am sure bitcoin is worse in terms of power usage, but not every crypto is automatically worse than what we have right now.

[Termitiono]

You can see it as an idiotic PoW for all those people working in those banks.

It's easy to make it renewable with benefits to us. The solar panel on a bank building is giving energy to people.

And I'm not saying that the current banking system is perfect (it actually optimizes itself quite well) but it has much more features while Bitcoin/crypto doesn't have real solutions for huge issues.

Fraud, scams, money laundry, investment tools, sepa, bank account recovery, global market regulations, sanctions Support etc.

And it does all of that with billions and billions of assets.

While Bitcoin consumes energy.

In an utopian society we don't need banks and no PoW crypto but that's not what is critical now.

Besides aluminum smelter, due to high energy costs there are other critical industry affected as well: paper making and glass making. Bottles for example.