News for hackers. Stuff that matters.

A comment on Some locals say a Bitcoin mining operation is ruining one of the Finger Lakes. Parent comment

Re:Some locals say a Bitcoin mining operation is ruining one... by gwright on Tuesday July 06, 2021 @12:32PM (#27750775)
Capitalism isn't exploiting anything. People make the laws, people operate businesses.

It isn't clear to me that these concerns are absent under any other system -- in fact I would argue that capitalism paired with a liberal representative democracy and strong individual rights is the best system for addressing any concerns.

[ Parent | on HN ]
Re:Some locals say a Bitcoin mining operation is ruining one... by p1mrx on Tuesday July 06, 2021 @03:22PM (#27753118)
I don't think capitalism is "wrong" for finding an exploit, but those liberal representative democracies should realize that turning retired power plants into miners is bad, and pass laws to prevent that business model from working.
[ Parent | on HN ]
Re:Some locals say a Bitcoin mining operation is ruining one... by gwright on Tuesday July 06, 2021 @07:03PM (#27755463)
Why impugn "capitalism" when you could have just said that the business model has negative consequences that should be addressed via legislation?

I was reacting to the non-sequitur that you were suggesting that somehow capitalism was at fault in this situation.

[ Parent | on HN ]