tossl568

Energy isn't fungible.

That financial system uses many more magnitudes of energy.

This is like blaming dollars for the existence of bank robbers.

The best engineering talent works on Bitcoin. Altcoins were intellectually DOA.

Nope. Energy isn't fungible.

No it isn't. If that energy is cheap enough to be used for securing Bitcoin then it can't have been used for something "useful" (in your opinion). Energy isn't fungible and transport costs exist. The immediate benefit is securing and making possible an open, permissionless digital financial system anybody can use. That is an absolutely stunning technological innovation. Proof of stake is the perpetual motion machine scam here.

The massive amount of stranded hydro that Bitcoin was soaking up in China, when mining was banned was that energy magically teleported to NYC to power people's TVs and dry their clothes? No, it's now sitting there unused with no buyers of last resort. In fact, that being sitting unused is now subsidising the fossil fuel mining by lowering the relative mining difficulty.

Mining is responsible for a rounding error in emissions, if it disappeared tomorrow it wouldn't even make a detectable dent.

Fossil fuels are bad. Fossil fuels being used for mining is bad. That doesn't make Bitcoin bad.

What makes securing hundreds of billions of people's money a less valid use of fossil fuels than playing Call of Duty?

Sounds like you have a problem with fossil fuels.

Who is running the Bitcoin ponzi? The CEO of Bitcoin? Any other type of computing/calculation you'd like to make illegal? Maybe everything that gets hashed with SHA-256 should be preapproved by the government first?

This moral high horsing on all things cryptocurrencies is getting really old. Thank God Bitcoin can't be stopped no matter how high the horse. We'll keep on voluntarily opting in to our own monetary system thank you very much, nobody is forcing anybody else to do the same. Keep making those horses as high as you like Bitcoin isn't going away.

Proof of work isn't "cooking the planet". Get a grip. And Bitcoin is a fantastic benefit for humanity resulting from proof of work.

Proof of stake is a perpetual motion machine.

You're going to have a hard time on here... money MUST be controlled by the government is the general belief.

How do you see anything clearly from so far up on your high horse?

I can't even see you your horse is that high

You can't steal my Bitcoin if I don't deposit them with a custodian. This is like blaming gold itself if the owners of a gold bank run off with the gold.

> Good cryptocurrencies (like cryptonote, zerocoin, etc.)

Ah, you've got shitcoins to hawk.

Still waiting on that evidence that Bitcoin hasn't had 100% uptime since the fork and that one node took down the entire Lightning network. Come up with some evidence that BCH is being used anywhere while you're at it.

A layer on top of Bitcoin, which uses Bitcoin transactions that can be broadcast and finally settled at any time is definitely Bitcoin. You can say it fits your subjective definition of Bitcoin until you're blue in the face, nobody uses BCH except people who are scamming or have fell for the scam.

If you're going to take a group of scammer's twisted, false interpretation of a v0.0.1 Bitcoin whitepaper as the absolute final Gospel truth and something which you put faith in regarding your money then you're going to have a really bad time.

> it's actually being used as cash in the real world (unlike BTC)

Simply not true, on both counts. Sorry.

No it is not. It's a P2P payment network.

Every lightning channel update is a valid Bitcoin transaction that can be broadcast at any time by either party for final settlement. Lightning is absolutely Bitcoin. You can use the lightning network as very cheap fiat rails if you don't want to deal with Bitcoin or it's volatility. Look at LN/Taro.

It's Bitcoin by every metric you can name: users, trust, fees, hashrate, price, market cap, security, exchange support, merchant acceptance, codebase quality, developer talent. Regardless of your subjective opinion of whether it's the same as it's own whitepaper based on whatever nonsense you've read from Roger Ver or whoever. BCH still has transaction mallebility because it was born out of greed of miners who did't want to activate segwit.

Can you point me to any evidence of it not having 100% uptime since the fork? Or have you fell for another lie just like "one node taking down the lightning network"

Blockspace is scarce and valuable, and that's the way it has to be to be decentralised. And yes they can use it, on the layer 2 lightning network. It works great, I use it all the time, for pennies in fees even when there's a mempool queue.

It has better scalability if you don't care about decentralisation whatsoever and that it's possible that everyone can store a copy of everyone's else's coffee transactions in perpetuity. It's not possible without huge, expensive to run servers, which is why nobody runs a BCH node. Uptime? By what metric? Bitcoin, the real one, has 100% uptime since the fork. The entire LN did not "go down the other day due to one bad node", that is not how it works at the most fundamental level. It simply did not happen. If you're a sockpuppet then nobody is buying it sorry, your coin is dead. And if you've actually fell for this narrative and actually hold BCH, then I am truly sorry and hope you realise you've fell for a scam before you lose any more money.

I absolutely, positively do not.

That system where your money disappears if you don't get "gas" fees right? The Bitcoin/lightning stack is the best option here.

I think they were joking

That's completely untrue.

You need your own late night talk show by the looks of it.

Energy is converted directly into security. Energy use isn't a bad thing.

Individual transactions don't use energy. The energy is used to secure the entire value of the ledger back to the very first transaction. Each layer 1 final settlement Bitcoin transaction can support potentially limitless transactions on the layer 2 lightning network. Electricity use does not equal emissions. Digiconomist works for the Dutch central bank.

Every lightning transaction (or channel update) is a valid Bitcoin transaction that can be broadcasted to the Bitcoin network and settled at any time. Lightning capacity and transactions are growing fast. "Crypto"'s biggest proponents haven't embraced lightning because they have shitcoins to sell.