Hacker News new | ask | show | jobs
by kraftman 854 days ago
I don't think I'm arguing for inefficiency, but I'm saying why is bitcoin called out for it specifically?
1 comments

Apropos of anything else, no one is arguing for a return to the gold standard, yet Bitcoin enthusiasts love to talk about its role as an alternative to fiat money. Sure, you can make the argument that gold mining is as inefficient as Bitcoin [1], but it's a strawman argument at best because there's no advocacy for the gold standard.

[1] I don't think this is a good argument, tbh.