PycptN2MH
Scaling Bitcoin's tps does not increase its energy usage. The tps and energy usage vary independently of each other. Bitcoin does not require any more energy usage to handle more tps than Visa. In fact, if we include off-chain transactions which are settled on-chain it already can.
> The US Army protects the US not the dollar
What is the value of the dollar if the United States ceases to remain a sovereign polity? The dollar is part of the United States.
Your central argument is: 'You offer a service to everyone. I already have that service. Therefore you are not creating value'
They didn't say this. They described their own experience. Read their message again. You are, in fact, criticising the post for something not written in it.
> People should make their medical decisions based on consultation with their doctors or other medical professionals
This is exactly what the user described as their experience.
If you, god forbid, ever have a life-destroying ailment and discover a shockingly effective treatment for it, please tell many people what happened for you just as the user above is doing.
Do you agree that defense against invasion requires an adequate military or agreements with nations with adequate militaries?
If we agree on those two claims, it seems we must agree that militarily robust sovereignty is necessary but not sufficient for the integrity of a fiat currency.
Governments such as Iceland borrow military power through international agreements.
These are not central parties and they present risks with anything one does with a computer on a network.
> what to do if a transaction goes badly. In the cryptocurrency case, for the most part you're SOL, because cryptocurrencies by design don't allow anyone to e.g. void a transaction.
Transaction finality is a feature not a bug. Whatever conveniences that are enjoyed int traditional banking can be implemented in a layer on top of the base protocol.
https://bitcoinmagazine.com/articles/debunking-the-most-stub...
(2) Not inflation is bad, but trusting others to choose the value of your money.
(3) Cryptocurrency exchanges are not Bitcoin - just as a Stock Exchange is not a $100 dollar bill.
(4) Not fractional reserve lending is bad; but trusting good behaviour and recovering after bad behaviour has caused harm.
(5) This argument works for all private property not held by a trusted third-party.
(6) Micropayments are more likely to be used for resource management between machines.
"The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible."
Most agree that Bitcoin privacy is currently unsatisfactory. If it is not improved it should not be adopted generally. Legal recourse and low-cost transactions are layered onto the base protocol.
― Murray N. Rothbard