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A comment on Nassim Taleb: Bitcoin failed as a currency and became a speculative ponzi scheme. Parent comment

Re:Nassim Taleb: Bitcoin failed as a currency and became a s... by cblconfederate on Saturday April 17, 2021 @07:22AM (#26843397)
Gold mining through the centuries has probably caused much more environmental pollution than bitcoin, and bitcoin ~~mining~~ minting is programmed to end.

Bitcoin can be transferred around the world easily, The way gold achieves permanence is partially by being extremely hard to move around and store.

Gold can be outcompeted too, aluminum used to be more expensive than gold.

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Re:Nassim Taleb: Bitcoin failed as a currency and became a s... by rini17 on Saturday April 17, 2021 @07:30AM (#26843441)
Bitcoin mining is not programmed to end. It has two functions: issuing of new coins and safeguarding transactions. From these two only mining of new coins will eventually end but it still is likely to stay profitable for many decades. Safeguarding transactions, with reward from transaction fees, is programmed to go on indefinitely.
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Re:Nassim Taleb: Bitcoin failed as a currency and became a s... by m00dy on Saturday April 17, 2021 @07:39AM (#26843488)
I second this comment. Glad to see someone knows the actual protocol rather than speculating.
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