Re:Bitcoin Gold Hit by Double Spend Attack, Exchanges Lose M...
by arebop on Wednesday May 23, 2018 @06:38PM
(#17139083)
Your biggest mistake is comparing energy use. You need to compare the total overhead of bitcoin to the total overhead of the competitive financial system. The second mistake is comparing a per-transaction basis; this is of interest when we are comparing suitability for particular applications, but if you want to talk more generally about whether bitcoin is efficient for payments you need to look at things on a value basis (use usd, eur, cny, or gold ounces).
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Re:Bitcoin Gold Hit by Double Spend Attack, Exchanges Lose M...
by hobs on Wednesday May 23, 2018 @06:39PM
(#17139092)
Why?
Why does a new system need to be just as bad as the old one?
Re:Bitcoin Gold Hit by Double Spend Attack, Exchanges Lose M...
by thaumasiotes on Wednesday May 23, 2018 @07:56PM
(#17139614)
It doesn't.
But if the new system is better than the old one, why would comparing it to the old one imply that anyone using the new one should be ashamed of doing so?