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by LAMike 510 days ago
What makes Bitcoin a scam?
1 comments
lisper 509 days ago
https://blog.rongarret.info/2023/04/a-systematic-critique-of...
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LAMike 509 days ago
His arguments about the feasibility of a 51% attack are off by an order of magnitude, and the fact that you can't easily reduce the amount of energy needed to mine is a feature, not a bug
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lisper 509 days ago
> His arguments about the feasibility of a 51% attack are off by an order of magnitude,

About that:

https://blog.rongarret.info/2023/04/bitcoins-value-propositi...

(I'm the author, BTW.)

> and the fact that you can't easily reduce the amount of energy needed to mine is a feature, not a bug

We'll have to agree to disagree about that. Most people consider gross inefficiency a bug, especially when that inefficiency is a necessary part of the design.

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