Re:Bitcoin and other PoW coins are an ESG nightmare
by solosoyokaze on Monday February 15, 2021 @12:34PM
(#26144904)
"This scenario" being the complete disbanding of the US military? I imagine everyone would be using crypto at that point since there would be no USD.
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Re:Bitcoin and other PoW coins are an ESG nightmare
by minitoar on Monday February 15, 2021 @03:12PM
(#26146735)
No, “this scenario” being the one you described in the comment I was responding to: there is no power and people are mining Bitcoin by hand.
Re:Bitcoin and other PoW coins are an ESG nightmare
by deeeeplearning on Monday February 15, 2021 @12:56PM
(#26145171)
Yay I can't wait for a trip to the grocery store to take 12 hours because every transaction takes 20 minutes. lol. This is just pure bitcoin hype, there are far better coins to use if you are actually interested in them as currency.
Re:Bitcoin and other PoW coins are an ESG nightmare
by solosoyokaze on Monday February 15, 2021 @01:00PM
(#26145211)
I don't see Bitcoin as currency, it's a store of value. You're correct that there are better coins for currency.
Re:Bitcoin and other PoW coins are an ESG nightmare
by deeeeplearning on Monday February 15, 2021 @01:41PM
(#26145693)
Edit: Could have sworn your comment said BTC and not crypto?
Re:Bitcoin and other PoW coins are an ESG nightmare
by solosoyokaze on Monday February 15, 2021 @02:03PM
(#26145939)
BTC is the foundation of crypto, but other coins play an important role (i.e. high volume transactions). BTC is the value that powers the alt-coins.
Re:Bitcoin and other PoW coins are an ESG nightmare
by tor11 on Monday February 15, 2021 @01:18PM
(#26145417)
> trip to the grocery store
try sending money to someone in north korea. how many hours does that take?
> actually interested in them as currency
it is still a currency.
Re:Bitcoin and other PoW coins are an ESG nightmare
by africanboy on Monday February 15, 2021 @01:33PM
(#26145595)
> try sending money to someone in north korea
North Korea leader has an army of hackers trained to steal bitcoins and uses them to launder money...
probably not the best example
Re:Bitcoin and other PoW coins are an ESG nightmare
by deeeeplearning on Monday February 15, 2021 @01:40PM
(#26145675)
>try sending money to someone in north korea. how many hours does that take?
Thats the best defense for Btc you have?
>it is still a currency.
The only people consistently using BTC as currency are drug dealers or drug buyers.
Re:Bitcoin and other PoW coins are an ESG nightmare
by tor12 on Monday February 15, 2021 @01:56PM
(#26145851)
> Thats the best defense for Btc you have?
it is the most obvious use case that is superior to everything currently in use.
> The only people consistently using BTC as currency are drug dealers or drug buyers.
no. but even if true, does that make it less of a currency?