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A comment on The Bitcoin Whales: 1,000 People Who Own 40 Percent of the Market. Parent comment

Re:The Bitcoin Whales: 1,000 People Who Own 40 Percent of th... by Nuzzerino on Friday December 08, 2017 @10:38AM (#15879388)
Is this how 250 kWh of energy usage per BTC transaction is supposed to be considered ethical?
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Re:The Bitcoin Whales: 1,000 People Who Own 40 Percent of th... by VMG on Friday December 08, 2017 @10:51AM (#15879502)
It is more ethical than financing wars through deficit spending.

A on-chain bitcoin transaction allows an arbitrary number of off-chain transactions.

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Re:The Bitcoin Whales: 1,000 People Who Own 40 Percent of th... by rspeer on Friday December 08, 2017 @01:16PM (#15880629)
How many times are people going to try whataboutism on HN? Everyone can recognize it by now.

The existence of war does not absolve you. If your standard of morality is "everything that's better than war is okay", you have approximately no morality.

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Re:The Bitcoin Whales: 1,000 People Who Own 40 Percent of th... by VMG on Friday December 08, 2017 @04:55PM (#15882404)
The whataboutism started with uninformed statements about bitcoin energy usage. My rebuttal is about the costs of the alternatives.
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Re:The Bitcoin Whales: 1,000 People Who Own 40 Percent of th... by Nuzzerino on Friday December 08, 2017 @06:28PM (#15883014)
Call it whatever you want. The days of proof-of-work are numbered, I can guarantee you that.
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Re:The Bitcoin Whales: 1,000 People Who Own 40 Percent of th... by VMG on Saturday December 09, 2017 @01:04AM (#15884562)
https://download.wpsoftware.net/bitcoin/pos.pdf
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