Re:Cryptocurrencies’ Carbon Footprint Underestimated
by imtringued on Tuesday October 05, 2021 @04:36PM
(#28765270)
Bitcoin is just the gold standard but worse. With gold you can at least dig up more of it as your economy grows. Bitcoin doesn't care about the real economy.
[ Parent
| on HN ]
Re:Cryptocurrencies’ Carbon Footprint Underestimated
by md2020 on Tuesday October 05, 2021 @04:59PM
(#28765543)
What? There’s a finite supply of gold just like there’s a finite supply of Bitcoin. You can mine more Bitcoin just like you can dig up more gold, up until there’s no more to be mined.
Re:Cryptocurrencies’ Carbon Footprint Underestimated
by Trias11 on Tuesday October 05, 2021 @09:00PM
(#28767830)
Buy some gold coins and then try to move it across the borders.
1. You need to fill-in paperwork and be on a mercy of a local DHS official to be allowed. At any time regulation will and can change without you knowing about it.
2. Try to move it without paperwork and risk losing it all
3. Try to store it in the bank and risk of government/bank/courts to lock you out of your gold savings.
4. Try to store it on your own and risk losing it all to crime.
5. Entering another country - same risks with their customs as above.
6. Moving bitcoin across borders is a bit easier
Re:Cryptocurrencies’ Carbon Footprint Underestimated
by cwkoss on Tuesday October 05, 2021 @05:51PM
(#28766130)
The idea that bitcoin should be the sole currency for a nation is silly and only promoted by shallow-thinking "to the moon" bulls.
Bitcoin (if successful) will serve as an international safe haven from reckless monetary policy. It counterbalances fiat, it doesn't replace it.