Re:Bitcoin: Who owns it, who mines it, who’s breaking the law
by rglover on Friday October 15, 2021 @12:16PM
(#28879416)
All of the things you're describing are layers on top of the dollar, not the dollar itself. In the same way, Bitcoin requires investment to build up those systems. When people push propaganda against it, it deters the ability for that to happen (the exact point of the propaganda).
The internet didn't do lots of things back in the 90s and look at it today. This game is long-term and requires investment and attention _now_ to achieve its potential. Having a decentralized form of money is an incredible head start.
Re:Bitcoin: Who owns it, who mines it, who’s breaking the law
by simiones on Wednesday October 20, 2021 @03:25AM
(#28927776)
You were the one comparing the energy expenditure of Bitcoin with the entire banking system. I was merely pointing out why that comparison is irrelevant.
For example, loans already exist: https://unchained.com/loans/.
The internet didn't do lots of things back in the 90s and look at it today. This game is long-term and requires investment and attention _now_ to achieve its potential. Having a decentralized form of money is an incredible head start.