Just because it makes monetary sense doesn't mean it makes ecological sense. Therefore a law
21 karma · joined November 12, 2022
Something which got doesn't has.
But you can give that another name if you like.
Mmhhh regulation to protect consumers... Mmhhh how could we make this possible? Sounds unrealistic to regulate something as big as a financial sector.
Perhaps PoR could be a solution to something so unregulatable? Or perhaps just use what we have fine-tunes the last 100 years?...
And independent of if Bitcoin is or not: the 'how it's used' matters because the theory matters less.
His cigarette comparison is spot on.
After all you also need to read and sign that you have knowledge when opening a brokerage account too.
We are a safe society. Sane default is build (more or less) so lifing is safe for us.
Do I need a warning label that cereal (plenty of them) are just sugar treats? I don't clearly plenty others do.
I think baas is bullshit for security reasons alone.
Eyes, ears, nerves across your skin, group behavior, parents etc.
This to comprehend (alone the visual) is gigantic.
A brain also has an architecture which is NOT similar to what gpt-3 does
Alone the difference in how brains train alone is huge.
It has a sensible layer of complexity for what you get out of it.
Your German rant is still stupid, no one would do that manually or would otherwise just take the time and effort to learn what is necessary.
Unfortunately for this discussion I have no clue how the UK version really compares to the German one and I also don't know from a statistical point of view if this is a real problem.
After all just creating some company implies a lot of things you need to know anyway like doing the taxes right and doing all other critical things like the yearly get together with all participants.
It only adds a layer.
I would be curious for this layer as it would be novel.
That's such a beautiful example why Bitcoin is garbage.
If you have 100.000k shells and have 0 value you still have physically 100.000k shells you can still do things with.
While you have literally a private key representing 100.000k bitcoins with no value.
Easy to solve with laws. Shouldn't be allowed anyway to just pick the good things from a gas field...
Of course you can even pay 0 but you know it's not the normal someone would wait days for the transaction going through.
You clearly did not use Bitcoin often enough otherwise you could just looked the spikes up yourself. That first corona year was even worse with the fees.
Just a week ago someone got cought and the fbi took his 3 billion dollar worth of BTC.
Sending crypto to someone in Iran or Russia is against the law independent of how you do it.
And just because you can send BTC to Iran someone in Iran also needs to exchange it to something real again.
While banking is more restrictive, when you go to your bank with your passport, you actually can recover your account. I know someone who lost 10k because he lost his key.
For most people it's saver and easier and they are not affected and don't care about all those BTC/crypto benefits at all
We could also use this energy for better things than Bitcoin.
And while BTC doesn't make any value besides moving money from one person to another, it also produces hardware garbage like ASIC chips and power supply.
It also steals demand from others too.
There is only downside for most of us than benefit of allowing Bitcoin mining independent of it's source.