Re:A faster, more efficient cryptocurrency
by adrianN on Tuesday February 19, 2019 @01:22AM
(#19197028)
Perhaps orthecreedence would also support shutting down all kinds of other useless services. I know I would, but since we're commenting on an article about cryptocoins, the discussion about Bitcoin is more relevant than a discussion about luxury cars.
Re:A faster, more efficient cryptocurrency
by BookmarkSaver on Thursday February 21, 2019 @06:21PM
(#19221605)
My real point is that there is no such thing as a "useless" service. It is a completely subjective distinction. At what point do cars become "too luxurious"?
Either we have a fully managed economy (which I'm pretty sure the historical consensus is clear on) or it has to be guided by attaching costs to externalities.
All this is doing is just picking on Bitcoin because people don't like it. There is no principled economic or environmental argument here, just a biased rationalization applied inconsistently.
This sounds very much like you've decided that you don't like Bitcoin (and that's fine, with good reasons) but you have rationalized it with an argument that is almost certainly inconsistent with the rest of your worldview. Bitcoin isn't any more bullshit than countless other systems/goods, the argument based on environmental externalities is a very weird reason to draw such an absolutist line given all the other (arguably) bullshit systems that incur the same costs.