The ecological disaster that is Bitcoin

Re:The ecological disaster that is Bitcoin by superkuh on Thursday April 15, 2021 @11:44AM (#26821870)

Everyone competing to find hashes that start with a large number of zeros to secure a currency is significantly less of an ecological disaster than maintaining a standing army (or military alliances with someone who does) like fiat currencies use.

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Re:The ecological disaster that is Bitcoin by throwaway6734 on Thursday April 15, 2021 @11:48AM (#26821930)

Bitcoin can't function without the same standing armies

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Re:The ecological disaster that is Bitcoin by vntok on Thursday April 15, 2021 @11:51AM (#26821981)

What a curious opinion. Care to elaborate?

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Re:The ecological disaster that is Bitcoin by ohgodplsno on Thursday April 15, 2021 @11:58AM (#26822105)

Guess where Coinbase settled, and why it's not in an absolutely lawless place. Guess where Kraken settled, and why it's not in Somalia.

The very same exchanges that make cryptocurrencies have their "value" (because, had these not been here, BTC would most likely still be under the $100 bar) rely on said army to be in a safe spot.

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Re:The ecological disaster that is Bitcoin by throwaway6734 on Thursday April 15, 2021 @12:00PM (#26822138)

Crypto relies on functioning nation-state infrastructure (internet/electrical) just like anything else

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Re:The ecological disaster that is Bitcoin by agumonkey on Thursday April 15, 2021 @11:53AM (#26822013)

Crypto millionaires are really not smart

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Re:The ecological disaster that is Bitcoin by creepto on Thursday April 15, 2021 @02:24PM (#26824319)

They're the dumbest of money.

Just wait for the next crash, it's gonna be rough for the ones who don't know how to sell. (Which is the majority.)

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Re:The ecological disaster that is Bitcoin by agumonkey on Thursday April 15, 2021 @06:23PM (#26826912)

I wasn't even thinking about the market or trading aspect.

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Re:The ecological disaster that is Bitcoin by vntok on Thursday April 15, 2021 @11:58AM (#26822102)

This is not the place to attack people. Please don't.

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Re:The ecological disaster that is Bitcoin by agumonkey on Thursday April 15, 2021 @12:20PM (#26822472)

This was so much not an attack.

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