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What makes Bitcoin a scam?

https://blog.rongarret.info/2023/04/a-systematic-critique-of...

His arguments about the feasibility of a 51% attack are off by an order of magnitude, and the fact that you can't easily reduce the amount of energy needed to mine is a feature, not a bug

> His arguments about the feasibility of a 51% attack are off by an order of magnitude,

About that:

https://blog.rongarret.info/2023/04/bitcoins-value-propositi...

(I'm the author, BTW.)

> and the fact that you can't easily reduce the amount of energy needed to mine is a feature, not a bug

We'll have to agree to disagree about that. Most people consider gross inefficiency a bug, especially when that inefficiency is a necessary part of the design.

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