[Delmololo]

Bitcoin should not be needed to be mastered but finally shutdown

So much stupidity behind it. So much misery.

It motivates to convert energy to heat were the local energy price is the lowest while trading globally.

It connects two markets which greatly suffer from this and with a medium which is as sacred as water.

[lrvick]

It creates incentive to produce cheap energy, and some estimates peg Bitcoin as operating on more than 70% renewables.

It also takes power away from governments to continually apply hidden taxes that disproportionately affect the poor: inflation.

At the end of the day, yes, BTC is powered by decentralized energy production, but that feels a lot better than the credit/debit+fiat system, powered by centrally controllef violence.

The current system is a low bar to upgrade. Come up with a better proof of work than energy. Maybe Chia works. Until then BTC is the best thing we have for the problems it solves.

[Delmololo]

No it doesn't. Stop lying.

Whenever energy is cheap and available Bitcoin will just consume it.

And we see this. We see were energy gets blindly stolen in China, we see were a old gas power plant gets turned ON again in NY. We see that in Texas they paid the Bitcoin miners money to stop mining when they needed the energy

We need taxes. Poor people especially for social services. No one benefits proportional more from taxes than poor. And if a poor person can take advantage of anonymous money, the rich have done it already.

Proof of work is shit and Bitcoin doesn't solve a single issue. You still can get robbed of Bitcoin now just much easier than before, it's still not anonymous because of the ledger and the amount of energy and hardware garbage it produces hurts normal people more than it ever helped.

We have the perfect system which has more features (a lot more) and has grown to what it is. It's our current proof of stake. Bitcoin doesn't solve inflation/Deflation at all. The new Bitcoin amount which gets added to the system is not controlled which is necessary to have the right amount of money in it to be useful.

I can go to a bank and recover my money.

I can exchange my money with other countries.

We have some type of protection for inflation and Deflation .

You really need to learn to understand our current currency system.