Hacker News Reader

I mean, I think Bitcoin is really beautiful. I'm not sure it's as multipurpose as gold is (it certainly doesn't seem to have many uses.) But the basic idea really is a beautiful algorithm. I'm just not sure it has serious applications. Which is definitely unlike gold.

View on HN

Bitcoin is really ugly. The utterly ugly algorithm requires storing of enormous amounts of waste data and requires extremely unefficient computational work of "mining". It's just a showcase of human greediness and stupidity.

The point is that gold is beautiful to most of the world.

Bitcoin is beautiful to maybe a few hundred people.

I’d say the point is that one can appreciate the beauty of bitcoin design without owning any, whereas appreciation of gold is much more tightly connected to physical interaction with a gold artifact. At least in sane people.

Reply on news.ycombinator.com