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A comment on Bill Gates Says that Bitcoin is bad For the Planet. Parent comment

Re:Bill Gates Says that Bitcoin is bad For the Planet by yunvme on Monday March 08, 2021 @01:58PM (#26389963)
You don't understand Bitcoin. It is a system to remove human greed from the equation. However, currently we are in the monetization stage. People will get rich. Greed will prevail and it jump starts the system.

The beauty of Bitcoin is that no human can increase supply to address short-term interests, like central banks can. The energy is not wasted. To the contrary, it is used to ensure that the supply is distributed in the prescribed manner and that it is capped. There is no other way of creating a decentralized system that has this feature.

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Re:Bill Gates Says that Bitcoin is bad For the Planet by jf22 on Monday March 08, 2021 @02:18PM (#26390244)
This sounds like to remove human greed we must embrace human greed and expend a lot of energy.

In what future world are we not trying to create more Bitcoin?

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Re:Bill Gates Says that Bitcoin is bad For the Planet by unchar1 on Monday March 08, 2021 @02:45PM (#26390557)
If you want a resource that's limited and can't be created by central banks, why not use something like Gold/Silver like we used to? While not going trying to debate on whether we should or should not use a limited resource as currency, but if we did Bitcoin seems like a wasteful thing to use.
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