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Re:Cambridge Bitcoin Electricity Consumption Index by pfortuny on Wednesday February 10, 2021 @11:13AM (#26091065)
Which could be used for... heating? Lighting? Cooking? Cars? Something useful?
Re:Cambridge Bitcoin Electricity Consumption Index by rawtxapp on Wednesday February 10, 2021 @11:27AM (#26091226)
While you might disagree with that, Bitcoin is useful.
Re:Cambridge Bitcoin Electricity Consumption Index by rawtxapp on Wednesday February 10, 2021 @11:38AM (#26091396)
@s1artibartfast, then it comes down to, who decides what's considered useful? In many ways, the market does, right? If it was useless trash, it wouldn't have any value, but that's clearly not the case.
Re:Cambridge Bitcoin Electricity Consumption Index by s1artibartfast on Wednesday February 10, 2021 @11:36AM (#26091372)
I think that is the fundamental disagreement. Many people do not view bitcoin as doing anything useful. If it is useful, how does it compare to other solutions for the same problems.
Re:Cambridge Bitcoin Electricity Consumption Index by ecommerceguy on Wednesday February 10, 2021 @11:33AM (#26091319)
This is for Raw transaction App person. What is bitcoin useful for? Laundering money out of China I give you. Do cartels accept bitcoin yet?

Genuinely curious, what it is useful for?

Re:Cambridge Bitcoin Electricity Consumption Index by rawtxapp on Wednesday February 10, 2021 @11:36AM (#26091367)
@ecommerceguy, for protecting my wealth against dilution by endless money printing, stimulus and bailouts of broken companies/banks.

I strongly believe that the current financial system is completely broken, so I'd like to opt out of it as much as possible.

Re:Cambridge Bitcoin Electricity Consumption Index by j-pb on Wednesday February 10, 2021 @11:54AM (#26091651)
You're free to do so, buy a plot of land and grab a plow.

Don't ruin the planet for everybody else so that you can sit on your un-diluting hoard of tulips like a dutch dragon.