But number go up, regardless of how you feel.You know deep down its not right. I for one am feeling very validated that I sold my bitcoin back for the price I bought it several months ago.
The worst part about Bitcoin isn't the energy useage. It's the Bitcoin community. Alt-coin traders are so much more fun to be around than Bitcoin maximalists, even if they are wrong.
your argument is very weak - even is it is "waste" electricity (whatever that is ) there is still a proportion that is non-renewable, and absolutely nothing to stop BC going over to non-renewables if for example oil prices made it cheaper to go that way.Many such examples
and even if it was all renewable, it's still a huge amount of energy used for the sake or what? creating "value"? It was a bad idea to use that method from the start unfortunately
Bitcoin - on a roll of late !Was reading about this today, sounds really interesting. Reminded me a bit of that story a few years back where some guy perpetrated a fraud in game currency on Better Than Life (or something like that) - which raised some interesting questions as the game currency trades on ebay and various other places for real money ie it has an exchange rate with the real world so arguably he'd committed a real crime. Anyway, seems that these Bitcoin things ought to be more secure than that - or are they?
For those who don't know what I'm on about
I'm interested in this lack of central control and how things such as inflation etc will work. I'm also not sure how new ones are generated - it says that they will be generated in decreasing amounts to a fixed finite level but who gets them? - and what it means for the currency. How likely is it to be superseded by another similar system etc etc?
Has anyone ever used these?
(I didn't know if this should go in politics or technology or what so I stuck it in miscellaneous)