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Comment by kd913 | Hacker News Reader

Are you really gonna spew this line of reasoning dear crypto bro?

You know the answer and energy cost of both here. One serves an entire a nation at an energy cost that is less than this waste of computation.

The other causes a enegy cost equivalent to entire countries for a total of 250k transactions. Never mind the sheer monumental ewaste generated. Bitcoin is a trash currency and any advocates are garbage for the sheer environmental disaster they cause. It single handedly undoes renewable trends but le number goes up.

The fact this low hanging fruit hasn’t been banned from above is frankly shameful.

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Don't worry - if it's so inefficient it will succumb to more efficient alternatives that perform the same function, right?

I wonder why that still isn't happening after 15 years? In fact it seems to be only growing stronger.

A reasonable conclusion is that it's not what you think it is.

Lots of crypto tech doesn’t use this much energy. Proof of work is pretty obsolete by now, so it’s just no longer a relevant argument.

Sure Bitcoin is expensive energy-wise, but criticize Bitcoin for that not crypto.

Like proof of stake, which seems to just codify the bad parts of capitalism?

> Critics have argued that the proof of stake will likely lead cryptocurrency blockchains being more centralized in comparison to proof of work as the system favors users who have a large amount of cryptocurrency, which in turn could lead to users who have a large amount of cryptocurrency having major influence on the management and direction for a crypto blockchain

https://en.wikipedia.org/wiki/Proof_of_stake#Centralization

Proof of work is pretty obsolete? Lol.

What is money if it isn't proof of work?

Wow. That's a really high horse you're riding over there. Are you saying that the "crypto bros" are using free electricity to power the likes of bitcoin?

If they are paying for the electricity what are you actually arguing against? The free market? Freedom?

Next time you start getting ideas abour banning things look into history for examples when banning shit was attempted and what happened.

If it is unclear what I am saying, read my comment again. Pretty obvious what I am saying that as a currency Bitcoin is garbage.

The value is artificially propped up with tether, easy trading and illegal activity. The energy costs undoes any green movements all so number goes up.

It provides 0 useful economic activity for a Country and should have been banned years ago if governments were run competently.

The world would be a better place if it never existed and proponents are garbage people.

On what grounds could a country's public servants prevent people using electricity in a way that harms no one else, after purchasing said electricity in the free market from approved suppliers?

It's absolutely none of your business what I do with electricity after I've purchased it, so long as I don't use it to harm anyone else. If you try to stop me, I'll sue you for damages.

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