Tell HN: We have a responsibility to speak out against blockchain technologies

Re:Tell HN: We have a responsibility to speak out against bl... by Victerius on Friday January 28, 2022 @05:10PM (#30121116)

What Bitcoin has brought to the table:

- More convenient ways for malicious individuals to conduct ransomware attacks

- Fraudulent exchanges

- Persistent and global GPU shortages

- Anonymity to criminals

- Staggering consumption of real-life energy supplies, produced mostly with fossil fuels

What Bitcoin has not brought to the table:

- A store of value

- A trusted unit of account

- A widespread medium of exchange

[ Parent | on HN ]

Re:Tell HN: We have a responsibility to speak out against bl... by mike741 on Friday January 28, 2022 @07:58PM (#30122632)

All of those problems existed before Bitcoin, so Bitcoin evidently did not "bring them to the table"

And if Bitcoin is not a store of value, why are the Bitcoin I own seemingly maintaining (and increasing) their original value?

[ Parent | on HN ]

Re:Tell HN: We have a responsibility to speak out against bl... by mattwilsonn888 on Friday January 28, 2022 @07:41PM (#30122499)

Classic. Bitcoin is not a store of value or trusted unit of account despite its massive market cap.

The primary objective measure of value is invalidated because you disagree with it and believe everyone else is wrong. You are a Kafka character.

[ Parent | on HN ]

Re:Tell HN: We have a responsibility to speak out against bl... by beaconstudios on Saturday January 29, 2022 @12:00AM (#30123935)

something being used for massive financial speculation doesn't make it a store of value or a trusted unit of account.

[ Parent | on HN ]

Re:Tell HN: We have a responsibility to speak out against bl... by tomiplaz on Friday January 28, 2022 @05:16PM (#30121200)

Please try to expand your lists. Also, please try to create the same kind of expanded lists for other such related tech you're comparing Bitcoin with.

[ Parent | on HN ]