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Re:Mining Bitcoin with pencil and paper: 0.67 hashes per day... by solosoyokaze on Monday February 15, 2021 @05:28PM (#26148401)
Bitcoin is probably the most important social/technological innovation since the internet (which uses how much energy?). Most people realize that moving humanity forward requires energy. There's loud neo-luddite contingent that missed the boat on crypto (it's actually not too late), but I wouldn't take angry anti-crypto HN comments as public sentiment. The public is in desperate need of a finance system not tied to the existing oppressive establishment.
Re:Mining Bitcoin with pencil and paper: 0.67 hashes per day... by SantalBlush on Monday February 15, 2021 @10:37PM (#26150642)
This is such a vague explanation of bitcoin's usefulness that I'm even more glad to use US dollars after reading it. "Most important social/technological innovation since the internet." "Moving humanity forward." "Not tied to the existing oppressive establishment." These are not real, concrete reasons for anyone to switch to bitcoin. These are statements I would expect to hear from someone who is trying to recruit me into a pyramid scheme.
Re:Mining Bitcoin with pencil and paper: 0.67 hashes per day... by throwaway829 on Monday February 15, 2021 @11:41PM (#26151011)
People who save in FedBucks are no closer to owning a home in California. If you’re saving in FedBucks you’re treading water as the printer goes burrrr. Mostly likely you know saving in FedBucks is a fool’s errand and convert your money to Wall Street assets. Crypto is an alternative store of purchasing power that’s not currently run by New York bankers.