Re:A faster, more efficient cryptocurrency
by ric2b on Tuesday February 19, 2019 @07:45PM
(#19204579)
> And also unlike bitcoin, when you pay the salary of 450k+ soldiers, among other jobs and such created, that's likely a lot better for the economy than random people converting electricity into crypto tokens.
Jobs are only useful if they waste people's time? Mining is a job. Mining can also become green much faster than constantly moving around millions of tons of vehicles can.
> Additionally, you can argue that the US army does not provide too much security, because it doesn't take someone more than a few seconds to look at the world and see the world is not 100% safe.
I would argue it decreases security, with all the wars and disruption it caused in the last decades.
Re:A faster, more efficient cryptocurrency
by hndamien on Monday February 18, 2019 @11:35PM
(#19196620)
Some would argue that it fixes the economic system so that we won't have booms and busts anymore and can start seeing capitalism in action proper. That seems to be a worthwhile investment, and may even help prevent wars (which are often financed by currency debasement).
And also unlike bitcoin, when you pay the salary of 450k+ soldiers, among other jobs and such created, that's likely a lot better for the economy than random people converting electricity into crypto tokens. What does bitcoin provide in terms of add-on benefits like jobs? The ability for power companies to maximize profits by having their supply used more fully?
Edit: Additionally, you can argue that the US army does not provide too much security, because it doesn't take someone more than a few seconds to look at the world and see the world is not 100% safe. There are numerous areas such that, if money was not a concern, could be made safer and more profitable by adding more security. Creating infinite trust in bitcoin would... do what exactly? Let nerds buy drugs on the internet?