throwaway554

What happens when foreign currencies also get into the double-digit inflation range?

In many cases, you can't use the energy that is used for Bitcoin mining for anything else, since there are simply no consumers next to the renewable energy source.

Imagine telling a guy who lives in a state with over 15% inflation rate that he's destined to stay poor because some people in first-world countries think that hard money is an utopia.

I'm not sure how does you living in an old and free democracy in Scandinavia negate the fact that Bitcoin helps the unfortunate who are living in authoritarian states.

Separating money from the state is worth the cost.

What a weird attitude of helplessness. You might as well argue against encryption because the state can always do the $5 wrench attack.

It is much easier for the government to confiscate your money from your bank account than to go after your Bitcoin. And it is impossible for the government to stop you from accepting payments in Bitcoin and to cut you off from financial system.

Worked great in Greece, when people couldn't withdraw more than 60 euro from their bank accounts.

Until you cross the borders and move all your wealth with you by memorizing 12 words.

Bitcoin was the only way for WikiLeaks to accept donations back when they were cut off from all payment processors.

56% of energy used for Bitcoin mining is coming from renewable sources of energy.

Bitcoin is an unconfiscable, permissionless inflation hedge. It's a big deal for people that live in authoritarian countries that coincidentally always have huge inflation numbers.

I have a hard time processing this comment. Is it because I'm ESL or is it legitimately incomprehensible?