News for hackers. Stuff that matters.
Re:Square buys $170M worth of bitcoins by cecida on Tuesday February 23, 2021 @05:12PM (#26243613)
I've reached the consensus that any company investing in Bitcoin doesn't actually care about the future of the planet.
Re:Square buys $170M worth of bitcoins by missedthecue on Tuesday February 23, 2021 @05:16PM (#26243651)
How would this be different from saying that anyone who drives an SUV or plays computationally intense computer games doesn't care about the future of the planet?

If it isn't different, is it really that much of an insightful statement beyond "people tend to do what they think is their own personal self interest"?

Re:Square buys $170M worth of bitcoins by rscho on Tuesday February 23, 2021 @05:22PM (#26243728)
There's a gradation in carelessness and selfishness, though...
Re:Square buys $170M worth of bitcoins by wmf on Tuesday February 23, 2021 @05:29PM (#26243832)
You can choose to drive an electric car or a gas car. Likewise you can choose to use PoS coins or PoW coins.
Re:Square buys $170M worth of bitcoins by offby37years on Tuesday February 23, 2021 @05:28PM (#26243826)
Here is a great example of the power of misinformation at work folks.
Re:Square buys $170M worth of bitcoins by pavlov on Tuesday February 23, 2021 @05:21PM (#26243720)
Personally I agree. It's a signal that a company is run by people whose values are fundamentally different than mine.

I've bought a Tesla in the past and was mostly happy with it, but I'll never get another one. (I'm sure they won't miss my business, as Musk's antics are presumably gaining them many enthusiastic customers. Still, buying elsewhere is the only power we customers have.)

Re:Square buys $170M worth of bitcoins by totheloop on Tuesday February 23, 2021 @05:27PM (#26243797)
Hacker News discussions always mention Bitcoin's energy usage, but fail to consider a couple points about this: for example, the 2nd-largest cryptocurrency, Ethereum, is moving to a model that will use a fraction of the electricity it currently does, and that mining is a far smaller pressure to migrate the renewable grid than other industrial uses of energy. It is, basically, an unconsidered meme. I suggest you do some research on the topic; the Tesla you drive (I drive an EV, too) needs a renewable grid, too.
Re:Square buys $170M worth of bitcoins by RIMR on Tuesday February 23, 2021 @05:15PM (#26243644)
I view it more along the lines of business owners being more and more willing to take company funds to the casino.
Re:Square buys $170M worth of bitcoins by tinus_hn on Tuesday February 23, 2021 @05:16PM (#26243664)
In most casino games you can’t really influence you chances of winning
Re:Square buys $170M worth of bitcoins by bottled_poe on Tuesday February 23, 2021 @05:24PM (#26243770)
I feel they also underestimate the ability for governments to ban cryptocurrency completely.
Re:Square buys $170M worth of bitcoins by totheloop on Tuesday February 23, 2021 @05:23PM (#26243762)
This is the first company for whom you've reached this conclusion...and Bitcoin was the forcing function? Never heard of BP or Shell?