There is some wisdom there, but leading with "obscene amounts of carbon" outs this guy as a run of the mill reddit pseudo intellectual.
Gold can be valued in non-currency methods, such as miles of gold cabling, pounds of gold plating, and actual gold coins that you can just put in a suitcase and fly around the world.
Hahaha so some dude mentions he shits on bitcoin for being valued in USD but things like gold are also valued in USD. And he responds by saying gold can be valued in other ways, like miles of cable, or pounds of plating...in other words, effectively in mass of gold which then is tied back to currency in the end. This guy is retarded.
He then delves into more legit explanations like immutable values that gold has as an element, but this is the creme of the crop when it comes to the thinkers of reddit. Some decent points littered in with complete and utter retardation.
There is some wisdom there, but leading with "obscene amounts of carbon" outs this guy as a run of the mill reddit pseudo intellectual.
You're mocking him for having a functional understanding of Bitcoin when you do not. "Burning obscene amounts of carbon is bad" isn't a left wing talking point, it's the foundation on which Bitcoin is built. Unlike the gold standard which is backed by holding valuable goods in escrow, proof of work cryptocurrency is backed by destruction. If someone genuinely does not believe the cost of processing a Bitcoin transaction is nearly prohibitive they should not trust Bitcoin, because that cost is supposed to be the thing keeping the ledger secure.
I know how Bitcoin works. Did you think I thought he just conjured a statement about carbon footprint out of nowhere for no reason? The point is that only leftoids and retards use that as an opening salvo to shit on it, because if you wanted to shit on it there are other ways to go about it. He is very much framing it in an "I'm a leftoid that wants to shit on bitcoin" sort of way. The wording gives it away; a normal person would make essentially the same point with different wordings.
There is some wisdom there, but leading with "obscene amounts of carbon" outs this guy as a run of the mill reddit pseudo intellectual.
Hahaha so some dude mentions he shits on bitcoin for being valued in USD but things like gold are also valued in USD. And he responds by saying gold can be valued in other ways, like miles of cable, or pounds of plating...in other words, effectively in mass of gold which then is tied back to currency in the end. This guy is retarded.
He then delves into more legit explanations like immutable values that gold has as an element, but this is the creme of the crop when it comes to the thinkers of reddit. Some decent points littered in with complete and utter retardation.
You're mocking him for having a functional understanding of Bitcoin when you do not. "Burning obscene amounts of carbon is bad" isn't a left wing talking point, it's the foundation on which Bitcoin is built. Unlike the gold standard which is backed by holding valuable goods in escrow, proof of work cryptocurrency is backed by destruction. If someone genuinely does not believe the cost of processing a Bitcoin transaction is nearly prohibitive they should not trust Bitcoin, because that cost is supposed to be the thing keeping the ledger secure.
I know how Bitcoin works. Did you think I thought he just conjured a statement about carbon footprint out of nowhere for no reason? The point is that only leftoids and retards use that as an opening salvo to shit on it, because if you wanted to shit on it there are other ways to go about it. He is very much framing it in an "I'm a leftoid that wants to shit on bitcoin" sort of way. The wording gives it away; a normal person would make essentially the same point with different wordings.