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Re:Blackouts have hit Iran. The government is blaming Bitcoi... by user-the-name on Monday January 18, 2021 @10:23AM (#25822606)
Good. Bitcoin needs to die. It is destroying the planet while helping criminals, extortionists and scammers.
Re:Blackouts have hit Iran. The government is blaming Bitcoi... by SuoDuanDao on Monday January 18, 2021 @10:31AM (#25822668)
The discontent with the existing banking system that made Bitcoin seem like a better solution isn't going away.
Re:Blackouts have hit Iran. The government is blaming Bitcoi... by user-the-name on Monday January 18, 2021 @10:40AM (#25822776)
Fine. Come up with something else then once we eradicate Bitcoin.
Re:Blackouts have hit Iran. The government is blaming Bitcoi... by SuoDuanDao on Thursday January 21, 2021 @07:39PM (#25866759)
I'd rather destroy the corrupt banking system first. Human rationality will bring down the price of whatever replaces it. I have sympathy for your position, I do, but you can't take that hard a line and not sound like you're simply defending the current set of monopolies.
Re:Blackouts have hit Iran. The government is blaming Bitcoi... by api on Monday January 18, 2021 @10:32AM (#25822675)
Case study in replacing something bad with something worse.
Re:Blackouts have hit Iran. The government is blaming Bitcoi... by louwrentius on Monday January 18, 2021 @11:04AM (#25823076)
Re:Blackouts have hit Iran. The government is blaming Bitcoi... by rglover on Monday January 18, 2021 @10:35AM (#25822711)
Now tell me your thoughts on cash.
Re:Blackouts have hit Iran. The government is blaming Bitcoi... by user-the-name on Monday January 18, 2021 @10:40AM (#25822764)
Better on every single front than Bitcoin.
Re:Blackouts have hit Iran. The government is blaming Bitcoi... by rglover on Monday January 18, 2021 @10:41AM (#25822791)
Even how it's minted and by whom?
Re:Blackouts have hit Iran. The government is blaming Bitcoi... by pjc50 on Monday January 18, 2021 @10:43AM (#25822812)
It's been minted by the state since the Bronze age - since well before the invention of either the modern state or modern banking - and this seems to work?
Re:Blackouts have hit Iran. The government is blaming Bitcoi... by rglullis on Monday January 18, 2021 @10:56AM (#25822973)
I am yet to meet anyone who is so rabidly anti-crypto and is not from a developed/stable country.

Check with people from Argentina, Venezuela, anyone that lived in the 1980's Brazil, Ecuador, Turkey, Lebanon, Greece... see if they really think if relying on the State and their financial systems is a good idea.

Re:Blackouts have hit Iran. The government is blaming Bitcoi... by ben_w on Monday January 18, 2021 @11:01AM (#25823034)
No doubt.

What I don’t understand is why you go from not trusting the state to trusting a different currency which the state you don’t trust could just ban outright at any time.

Re:Blackouts have hit Iran. The government is blaming Bitcoi... by rglullis on Monday January 18, 2021 @11:40AM (#25823506)
Black markets were a thing in the Soviet Union.

Not trusting the State does not mean that the State is able to exert absolute control over people's lives. In fact, I'd say that the less trust the people have on the State, the more "illegal" activities people practice.

Re:Blackouts have hit Iran. The government is blaming Bitcoi... by user-the-name on Monday January 18, 2021 @11:04AM (#25823077)
Newsflash: They don't think burning the planet to do two transactions per seconds is a solution to those problems they faced, either.
Re:Blackouts have hit Iran. The government is blaming Bitcoi... by user-the-name on Monday January 18, 2021 @10:43AM (#25822819)
Yep.
Re:Blackouts have hit Iran. The government is blaming Bitcoi... by disruptalot on Monday January 18, 2021 @10:54AM (#25822954)
So is just about every other technology you can imagine. Namely air travel. Maybe you have clearer points. Probably they've been debunked 100 times over.
Re:Blackouts have hit Iran. The government is blaming Bitcoi... by snakeboy on Monday January 18, 2021 @11:05AM (#25823087)
How do you even define "debunked" here? It's a subjective conclusion as to whether the immense energy costs are justified by the net value added to society.

Personally, I'd tend towards air travel being a net positive, while Bitcoin is well into the negative.

Re:Blackouts have hit Iran. The government is blaming Bitcoi... by user-the-name on Monday January 18, 2021 @11:03AM (#25823069)
Nothing on the planet has anywhere near the same ratio of criminality to utility, or planetary destructiveness to utility that bitcoin has. It is way, WAY off the charts. It is unimaginably bad.