Look I’m sorry but any currency that is based on electricity is the dumbest fucking shit ever and the fact our dollars aren’t based on gold is even fucking dumber. Grid goes down and then what? Fucking retards.
forget the grid going down, even when it works it's pants-on-head retarded. crypto is literally based around the idea of wasting GPU power doing random calculations - up to 80 terawatts yearly in the US alone - so you can have a "proof of work" to present to every other peer and be awarded some money. it's like a satanic inversion of the idea of labor as currency, where instead of getting off your ass and producing something, you just break graphics cards and contribute to 30 kilotons of bitcoin-related e-waste each year. i cannot think of a way to handle currency more wasteful, and more tied to the current status quo which its users oppose, than crypto.
man, imagine whining about taxes but not about bitcoin asking you to pay miners 15 dollars so you can send 5 to someone. can't even buy a fucking happy meal without a 300% commission.
The mechanism is to prevent, and disincentivize, inflation. It's supposed to be harder to make more than it is to give it to someone else. If it wasn't, it would have already hyper-inflated and become worthless. Afterall, why would I send money, if it's easier for my friend to just make the money from scratch.
Your criticism is around the "waste" is entirely based off of that false assumption, and you are complaining the energy being used to mine. Typically what happens is the opposite, as most of that energy on demand would be wasted as literal smoke from powerplants, since the wattage that isn't being demanded has to be removed because it can't be stored. Instead, miners tend to work with powerplants to actually syphon that.
But even if waste were your concern, none of this would still make sense because it would be a criticism of all currencies that have ever existed, and all monies that have ever existed. The "waste" of mining gold literally turns mountains into craters and kills people every year. The "waste" of printing fiat currencies destroys forests every year. You do not want to even imagine the "waste" that the financial companies generate in electrical usage transmitting money back and forth.
Your not really arguing against Bitcoin, you're arguing against currency itself.
Look I’m sorry but any currency that is based on electricity is the dumbest fucking shit ever and the fact our dollars aren’t based on gold is even fucking dumber. Grid goes down and then what? Fucking retards.
forget the grid going down, even when it works it's pants-on-head retarded. crypto is literally based around the idea of wasting GPU power doing random calculations - up to 80 terawatts yearly in the US alone - so you can have a "proof of work" to present to every other peer and be awarded some money. it's like a satanic inversion of the idea of labor as currency, where instead of getting off your ass and producing something, you just break graphics cards and contribute to 30 kilotons of bitcoin-related e-waste each year. i cannot think of a way to handle currency more wasteful, and more tied to the current status quo which its users oppose, than crypto.
man, imagine whining about taxes but not about bitcoin asking you to pay miners 15 dollars so you can send 5 to someone. can't even buy a fucking happy meal without a 300% commission.
This criticism makes absolutely no sense.
The mechanism is to prevent, and disincentivize, inflation. It's supposed to be harder to make more than it is to give it to someone else. If it wasn't, it would have already hyper-inflated and become worthless. Afterall, why would I send money, if it's easier for my friend to just make the money from scratch.
Your criticism is around the "waste" is entirely based off of that false assumption, and you are complaining the energy being used to mine. Typically what happens is the opposite, as most of that energy on demand would be wasted as literal smoke from powerplants, since the wattage that isn't being demanded has to be removed because it can't be stored. Instead, miners tend to work with powerplants to actually syphon that.
But even if waste were your concern, none of this would still make sense because it would be a criticism of all currencies that have ever existed, and all monies that have ever existed. The "waste" of mining gold literally turns mountains into craters and kills people every year. The "waste" of printing fiat currencies destroys forests every year. You do not want to even imagine the "waste" that the financial companies generate in electrical usage transmitting money back and forth.
Your not really arguing against Bitcoin, you're arguing against currency itself.
Comment Reported for: Rule 12 - Intentional Falsehoods / Disinformation
Comment Approved: I don't see why I'm being dragged into this.