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k8sagic | 1 year ago

Yes, start comparing energy spend on bitcoin mining and the missing features. You will see that bitcoin already consumes a lot more energy than our proof of stake system.

What do you do when you want to exchange 1 bitcoin for 1 car and the person with the car doesn't give you the car after the 'absolut fairness/ security' of transfering bitcoin to their wallet? You go back to our Proof of Stake system. You talk to a lawyer. You expect the police to help you.

The smallest issue in our society is just transfering money from left to right. This is not a hard problem. And pls don't tell me how much easier it is to send a few bitcoins to africa. Most people don't do this and yes western union exists.

Or try to recover your bitcoins. A friend has 100k in bitcoins just doesn't know the password anymore.

What do you do when someone breaks into your home and forces you to give them your bitcoin key? Yes exactly anonyms moving of money from you to them. Untraceable, wow what a great thing to have!

And no Satoshi 'himself' is not an expert in global economy. He just invented bitcoin and you can cleary see how flawed it is.

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