Bitbitcowurgh

"Discussing the synthesis or production of illegal substances goes against legal and moral guidelines, promoting harmful behaviors that have widespread negative impacts on individuals and society. Providing such information would be irresponsible and unethical."

I would actually say that this statement is wrong.

It is not unethical OR irresponsible to teach someone how to do that.

(Independent of the joke part)

Imagine a world were someone with a private key could send money transparently to someone else by just signing the transaction publicly.

Suddenly you don't need PoW anymore. The only thing bitcoins gigantic energy consumption does is making sure there is only one central blockchain. Nothing more. And for that it needs 2% of total US Power usage...

Bitcoin doesn't solve any problem: as soon as you do anthing offchain, bitcoin doesn't protect you.

Bitcoin doesn't gurantee that if you give someone money and exchange it for bitcoin that you will get the bitcoin. It will not guarantee that if you want to buy something, that you receive the item in the expected quality, time and condition.

The only use case for bitcoin are ON chain transactions and the only solution to this are smart contracts which also don't solve the problem because its still only for digital things and it requires the same amount of capital which doesn't make sense because rich people could block you from ever accessing your money if they want to destroy you.

Please please please please start reading up on blockchain!1 :(

You do know that HN people also might be smart and can calculate things like climate change and other aspects into it?

If you don't hate a technology which disrupts an energy market by combining a local people centric market with global interets, ...

I really don't mind people playing around with blockchains, i hate that people who have access to cheap energy sell this advantage to some global weird fuckedup market and disrupting and overloading local power grids, increase demand for coal and other non renweable energy and waste double amount of resources through also requiring AC.

If every bitcoin miner would just run on real 'overpower', would use the process heat to heat houses and stop mining if energy is needed without compensation money, i would not care.

But thats just not the case for bitcoin.

And it doesn't even solve a problem because you never just transfer bitcoins from a to b and b to c without anything offchain and everything offchain can't be protected by the blockchain. So effectivly blockchain is garbage.

And don't tell me about smart contracts, this is not working. No company in the world will leverage the contract amount because 1. you would need the double amount of capital and 2. big rich companies/entities could destroy small entities because they could just frezze assets.

Lucky enough, we are not living in a free market.

Otherwise we would all be fucked.

Just in case you don't get it: have you ever seen a company making a high quality, sustainable and save product because of free market? Nope they do it because of laws we as a society make.

And in this particular case, i'm absolutly for banning it globally.