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Capira | 3 years ago

...which is good because it helps us move away from the throw-away society mentality. Bitcoin is very effective environmental activism.

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1ris|3 years ago

>Bitcoin is very effective environmental activism.

While using the per-design resource destroying, planet burning Proof-Of-Waste? Are you Kidding?

And no, deflation does not encourage more long term investments, it does simply encourage hoarding, not exactly a desirable thing, form any perspective. And of course it is the fatal (and likely never fixed) flaw in bitcoin-as-a-currency.

Jach|3 years ago

I find the GP's comment tenuous but I also find the environment-damaging rhetoric you and a sibling (and thousands of others) give on proof of work even more so. If you want to bite the bullet and say people shouldn't be able to pay for energy and do with it what they want, fine, but otherwise, price out the actual energy costs, and realize the purpose of such costs: security. Bank of America alone spends $1bn/yr on cybersecurity, bitcoin mining costs the world about ten times that. It's not that unreasonable. Another comparison is it's about 1/8th the US spending on cigarettes.

Capira|3 years ago

Bitcoin being deflationary helps us move away from the mentality of a throw-away society.

You can use the Lightning Network to use Bitcoin as a currency. It's almost instant and free.

Werewolf255|3 years ago

Unless this is sarcasm, do you wanna talk about the environmental ramifications of so much work being duplicated and dumped in the bitcoin network? Like, the sheer number of machines and waste heat that comes from nodes who weren't quite fast enough to get the payout, and just had to put all those calculations into /dev/null?